Please find enclosed herewith Monitoring Agency Report for the quarter ended June 30, 2026.

EPC REAL ESTATE MAN INFRACONSTRUCTION LIMITED (CIN: L70200MH2002PLC136849) Date: August 12, 2026 1o, To, The Listing Department The Corporate Relationship Department National Sto.ck Exchange of India BSE Limited Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 533169 Symbol: MANINFRA Sub: Monitoring Agency Report for the Quarter ended June 30, 2026 in relation to Preferential Issue of Warrants. Dear Sir/ Ma'am, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, please find enclosed herewith the Monitoring Agency Report for the quarter ended June 30, 2026, in relation to utilization of proceeds of preferential issue of convertible warrants of the Company as issued by ICRA Limited, duly reviewed and taken on record by the Board of Directors & Audit Committee of the Company. Kindly take the same on record. Thanking you, Yours faithfully, For Man Infraconstruction Limited Durgesh Dingankar Company Secretary Membership No. F7007 Encl: As above L I E B E T T E R 12'h Floor, Krushal Commercial Complex, G.M. Road, Chembur (West), Mumbai - 400 089, India ~-;ir-~·~~ D +91 22 4246 3999 I 11 office@lmaninfra.com I l'I www.miclgroup.com I www.maninfra.com ~~ . :.. June 2026 MONITORING AGENCY REPORT Name of the Issuer: Man Infraconstruction Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: ICRA Limited (a) Deviation from the objects of the issue: No deviation - Utilization different from the objects stated in the EOGM Notice but in line with change of objects approved by Board resolution based on actual net proceeds received. (b) Range of deviation: Not Applicable 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 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. 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 subsequent to 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: Parul Goyal Narang Vice President & Head-Process Excellence Analyst: Adrita Sadhukhan Quality Analyst: Parul Narang Sensitivity Label : Public June 2026 1. Issuer Details Name of the Issuer: Man Infraconstruction Limited Name(s) of the promoters: Promoters Parag K Shah Mansi Parag Shah Source: Bse.com Industry/ sector to which it belongs: EPC & Real Estate development. 2. Issue Details Issue Period: Opening date- NA Closing date- NA Type of Issue: Preferential Issue Type of specified securities: Warrant Issue. IPO Grading, if any: No applicable since it’s Preferential Issue. Issue Size (Rs. Crore): INR 543.215 crore (3,50,46,100 warrants of INR 155.000 each) Actual Net Proceeds received: 512.641 Crore* *The proceeds credited to the Preferential Issue account stood at INR 512.641 Crore as on 30th June 2026 due to undersubscription of the warrants. ICRA will be monitoring INR 512.641 Crore for Q1FY2027. Sensitivity Label : Public June 2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, certifications Comments of considered by the Comments of the Monitoring the Issuer’s Particulars Reply Monitoring Agency for Agency Board of the preparation of Directors report -Statutory Auditor According to the Board Certificate Whether all utilization is as per Resolution date 12th -Confirmation from the disclosures in the Offer Yes November 2025, the cost of No Comments management Document? objects has been revised as -Bank statement of the per the table below. proceeds account Whether shareholder approval has been obtained in case of Not As confirmed by the material deviations# from No comments No comments Applicable Issuer’s management expenditures disclosed in the Offer Document? Whether the means of finance As confirmed by the for the disclosed objects of the No No comments No comments Issuer’s management issue has changed? Is there any major deviation observed over the earlier No No deviation observed. No comments No comments monitoring agency reports? Whether all Government/ statutory approvals related to Not As confirmed by the No comments No comments the object(s) have been Applicable Issuer’s management obtained? Whether all arrangements pertaining to technical Not As confirmed by the No comments No comments assistance/ collaboration are Applicable Issuer’s management in operation? Are there any favorable events As understood from the improving the viability of these No As confirmed by the No comments Issuer’s management object(s)? Issuer’s management Are there any unfavorable As understood from the events affecting the viability of No As confirmed by the No comments Issuer’s management the object(s)? Issuer’s management Is there any other relevant information that may As confirmed by the As understood from the No No comments materially affect the decision Issuer’s management Issuer’s management making of the investors? Sensitivity Label : Public June 2026 4. Details of the object(s) to be monitored. (i) Cost of object(s) Original Comments of the Issuer’s Board of Directors Source of information, cost (as Comments of the Particulars of certifications considered by the per the Revised cost Proposed S.N. Item Head Monitoring Reason for cost firm Monitoring Agency for the offer [Rs. Crore] financing Agency revision arrangements preparation of report document) option made [Rs. Crore] Notice Read with Corrigendum’s Expanding EPC and real thereto for EOGM held on estate business Not 1 December 23, 2023. 258.000 - - - by acquiring new applicable Board Resolution dated 12th projects November 2025 Notice Read with Corrigendum’s Purchase of fixed thereto for EOGM held on 2 assets including plant December 23, 2023. 30.000 5.000 - - - and machinery, etc. Board Resolution dated 12th The cost of the November 2025 objects has been Notice Read with Corrigendum’s revised due to the Deployment towards working capital thereto for EOGM held on undersubscription 3 requirements of December 23, 2023. 125.000 of warrants. - - - applicable existing and new Board Resolution dated 12th projects November 2025 Notice Read with Corrigendum’s thereto for EOGM held on General Corporate 4 December 23, 2023. 130.215 [Showing first 8,000 characters — download PDF for full document]