Monitoring Agency Report under regulation 32 of SEBI(LODR) Regulation, 2015 for the Quarter ended on June 30, 2026.

OVAL PROJECTS ENGINEERING LIMITED A Team of Excellence For Better Future | An ISO Certified Company Date: 12/08/2026 The Manager, BSE Limited, Corporate Relationship Department, P. J. Towers, Dalal Street, Mumbai – 400001. Scrip Code: 544498 Subject: Monitoring Agency Report under Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we have enclosed herewith Monitoring Agency Report for the quarter ended 30th June, 2026, issued Infomerics Valuation and Rating Limited (“Monitoring Agency”), in relation to the Initial Public Offer (“IPO”)of the Company. We hereby request you to take the above information on record. Thanking You, Yours Sincerely, For Oval Projects Engineering Limited Goutam Debnath Managing Director DIN: 06923261 HO & Registered Office Corporate Office Branch Office Milan Chakra (Near Prajapita Brahmakumari 1056 A, Galleria Market, Sushant Lok F/402, 4th Floor, Mrudagandhar Bhageshree Centre), P.O. A.D. Nagar, Agartala, Tripura Phase I, Gurugram, Gurugram, Haryana - Building, Khopoli Road, Ambheghar, Khan (West) - 799003 122001 Mohalla, Pen, Raigad, Maharashtra - GSTIN: 16AABCO9053D1ZL GSTIN: 06AABCO9053D2ZL 402107 GSTIN: 27AABCO9053D1ZI Phone: +91-3812371011/+91-7085049473 | Web: www.ovalprojects.com | Email: info@ovalprojects.com | CIN: U74900TR2013PLC008465 Monitoring Agency Report for Oval Projects Engineering Limited for the quarter ended June 30, 2026 Monitoring Agency Report Aug 10th, 2026 Oval Projects Engineering Limited House No. 451568, Milan Chakra, (Near Prajapita Brahmakumari Center), Badharghat, P.O. A.D. Nagar, Agartala, West Tripura, Tripura- 799003, India Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”) of Oval Projects Engineering Limited (“The Company”) We write in our capacity of Monitoring Agency for the Initial Public Offering (IPO) for the amount aggregating to Rs.46.74 crore of the Company and refer to our duties cast under regulation 262 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. 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 13th November 2024. Request you to kindly take the same on records. Thanking you, For and on behalf of Infomerics Valuation and Rating Limited Avik Podder (Sr. Director - Ratings) apodder@infomerics.com Report of the Monitoring Agency Name of the Issuer: Oval Projects Engineering Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Infomerics Valuation and Rating Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Nil Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects. For example, up to 10%, 10 – 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. * Range of Deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. Declaration: We declare that this report provides an objective 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. 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 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 declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We further declare that this report provides true and fair view of the utilization of issue proceeds. Signature: Name of the Authorized Person/Signing Authority: Avik Podder Designation of Authorized person/Signing Authority: Sr. Director - Ratings Seal of the Monitoring Agency: Date: Aug 10, 2026 1) Issuer Details: Name of the issuer: Oval Projects Engineering Limited Names of the promoters of the issuer: Mr. Goutam Debnath Industry/sector to which it belongs: The Company is engaged in the business of providing engineering, procurement and construction (“EPC”) industrial infrastructure services and operations and maintenance (“O&M”) services 2) Issue Details: Issue Period: August 28, 2025 – September 01, 2025 Type of issue (public/rights): Initial Public Offering Type of specified securities: Equity shares Grading: Not Applicable Issue size (Rs in Crores): Fresh Issuance of Rs. 46.74 crores (Note No. 1) Note 1 Particulars Amount as per the Prospectus (Rs. In Crores) Total proceeds received from IPO 46.74* Less: Details of expenses incurred related to IPO issue 5.77 Net Proceeds available for utilisation 40.97 *Infomerics Ratings shall be monitoring the Gross proceeds. The company had offered 54,99,200 Equity Shares under the fresh issue, at Rs. 85.00 per share aggregating to ₹ 46.74 crore. The issue was fully Subscribed, and the company has allotted same number of Equity Shares to the applicants. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Particulars Reply Source of information / Comments of Monitoring Comments of certifications considered by Agency Board of Monitoring Agency for Directors preparation of report Whether all the utilization is as per Yes, the utilization has been Chartered Accountant The proceeds of the issue are No Comments disclosure in Offer made as per Offer certificate^, Prospectus, Bank Rs.46.74 crore out of which Rs. Document? Document. Further, there Statements, Management 38.96 crore was spent till March 31, have been certain Certificate 2026, and Rs.0.80 crore was spent preponement of payments as during quarter ending June 30, 2026. per Note 1. Whether Shareholder approval is obtained There are no deviations from Not applicable No No Comments in case of material deviations from the expenditures disclosed in expenditures disclosed in Offer the Offer Document. Hence Document? no approval is required. Whether means of finance for disclosed There is no change in the Not applicable No Comments No Comments objects of the Issue has changed? means of finance for disclosed objects Any major deviation observed over the Not applicable Not applicable No Comments No Comments earlier monitoring agency reports? Whether all Government / Statutory Yes Principal approval from BSE No Comments No Comments approvals related to the object(s) obtained? Whether all arrangements pertaining to Not Applicable Not applicable Not Applicable No Comments technical assist [Showing first 8,000 characters — download PDF for full document]