Monitoring Agency Report for the Quarter ended June 30, 2026 under Regulation 32(6) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

11th August, 2026 The Corporate Relations Department, BSE Limited, 1st Floor, New Trading Ring Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Scrip Code- 544773 Dear Sir/Madam, Sub: Submission of Monitoring Agency Report on Utilisation of Issue Proceeds for the Quarter Ended June 30, 2026. Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report on the utilisation of the proceeds raised through the Company's Initial Public Offer for the quarter ended June 30, 2026. The Monitoring Agency Report has been received by the Company and has been placed before and reviewed by the Audit Committee of the Company. A copy of the said Monitoring Agency Report is enclosed herewith for your information and records. The same is also being made available on the website of the Company in accordance with the applicable regulatory requirements. You are requested to take the same on record. Thanking you, For Merritronix Ltd (Formerly known as Merritronix Pvt Limited) Mandava Swathi Company Secretary & Compliance officer First Monitoring Agency Report for Merritronix Limited for the quarter ended June 30, 2026 BWR/2026-27/IPM/ML/01 August 11, 2026 Mr. Darsy Kethan Chandra Chief Financial Officer Merritronix Limited C-22, Electronic Complex, Kushaiguda, Hyderabad, Telangana, India, 500062 Dear Sir, First Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Fresh Issue of Equity Shares of Merritronix Limited (“the Company”) Pursuant to Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated May 08, 2026, Brickwork Ratings (BWR) has prepared the First Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Fresh Issue of Equity Shares aggregating to Rs.70.03 Crore of the Company. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated May 08, 2026. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: Merritronix Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickwork Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: Not Applicable Declaration: We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors after the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings 1) Issuer Details: Name of the issuer: Merritronix Limited Names of the promoter: Mr. Dovari Yesudas, Mr. Dovari Amarnath, Ms. Vanaja D, Mr. Darsy Kethan Chandra and Mr. Dovari Thaman Industry / sector to which it belongs: Electronics Manufacturing Services 2) Issue Details: Issue period: For anchor investors - May 29, 2026 For others – June 1, 2026, to June 3, 2026 Type of issue (public/ rights): Fresh Issue of Equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 70.03 Total Amount Value as per Offer Document Particulars Number of Price (₹) Received (₹ Crore) Securities (₹ Crore) Equity Shares- Fresh Issue 47,00,000 149 70,03,00,000 70.03 Total 47,00,000 149 70,03,00,000 70.03 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information Comments Comments / certifications of of Particulars Reply considered by Monitoring Board of Monitoring Agency for Agency Directors preparation of report Bank Statements, Whether all utilization is as per Invoices, Company’s the disclosures in the Offer Yes Nil Nil Statement, CA Document? Certificate. Whether shareholder approval has been obtained in case of Not Nil material deviations# from Nil Nil Applicable expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No Nil Nil has changed? Monitoring Is there any major deviation Not Nil being done Nil observed over the earlier Applicable for the first monitoring agency reports? time Whether all Government/statutory approvals Yes Company’s Statement Nil Nil related to the object(s) have been obtained? Whether all arrangements pertaining to technical Not Nil Nil Nil assistance/collaboration are in Applicable operation? Are there any favourable events improving the viability of these No Company’s Statement Nil Nil object(s)? Are there any unfavourable events affecting the viability of the No Company’s Statement Nil Nil object(s)? Is there any other relevant information that may materially No Not Applicable Nil Nil affect the decision making of the investors? Notes: The above information is verified through the Company’s Statement dated August 11, 2026. #Where material deviation may be defined to mean: (a) Deviation in the objects or purposes for which the funds have been raised (b) Deviation in the amount of funds utilised by more than 10% of the amount projected in the offer documents. 4) Details of object(s) to be monitored: i. Cost of object(s): Source of infor [Showing first 8,000 characters — download PDF for full document]