Submission of Monitoring Agency Report for the Quarter ended 30th June 2026 issued by Brickwork Rating India Private Limited

Date: 12.08.2026 The Manager Listing BSE Limited 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 BSE Scrip Code: 544793 Subject: Submission of Monitoring Agency Report for the Quarter ended 30th June 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation,2015 read with Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018, please find enclosed the Monitoring Agency Report for the quarter ended 30th June 2026 issued by Brickwork Rating India Private Limited in respect of utilization of funds raised through Initial Public Offer (IPO) of equity shares made by the Company. This information will also be available on the website of the Company at https://seil.net.in Thanking You, For Susan Electricals India Limited Reshma Shukla Company Secretary & Compliance Officer Membership No.: A27717 Monitoring Agency Report for Susan Electricals India Limited for the quarter ended June 30, 2026 No. BWR/2026-27/IPM/SEIL/01 August 10, 2026 Susan Electricals India Limited 1703, Nirmal Tower, 26, Barakhamba, Connaught Place, New Delhi,India, 110001 Dear Sir/Ma’am, First Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Fresh Issue and Offer for Sale of Equity Shares Issue of Susan Electricals India Limited (“the Company”) Pursuant to Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), 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 and Offer for Sale of Equity Shares aggregating to Rs. 70.38 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 26, 2026. Request you to kindly take the same on records. 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: Susan Electricals India 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 also 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 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: 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: Susan Electricals India Limited Names of the promoter: Mr. Vishal Jain and Ms. Mahak Jain Industry / sector to which it belongs: Wires and Cables 2) Issue Details: Issue period: For anchor investor - June 10, 2026 For others –June 11, 2026 to June 15, 2026 Type of issue (public/ rights): Fresh Issue and Offer for Sale of Equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 70.38 Total Value as per Offer Amount Particulars Number of Price (₹) Document Received Securities (₹ Crore) (₹ Crore) Equity Shares-Fresh Issue 4742000 127 60.22 70.38 Equity Shares-Offer for Sale 800000 127 10.16 Total 5542000 127 70.38 70.38 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 Whether all utilization is as per the Bank Statements, disclosures in the Offer Yes Company’s letter, CA Nil Nil Document? Certificate Whether shareholder approval has been obtained in case of material Not Nil Nil Nil deviations# from expenditures Applicable disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No Nil Nil Nil has changed? Is there any major deviation Monitoring observed over the earlier Nil Being Done Nil Applicable monitoring agency reports? for First Time Whether all Government/statutory approvals related to the object(s) Yes Company’s letter Nil Nil have been obtained? Whether all arrangements pertaining to technical Not Nil Nil Nil assistance/collaboration are in Applicable operation? Are there any favorable events improving the viability of these No Company’s letter Nil Nil object(s)? Are there any unfavorable events affecting the viability of the No Company’s letter 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? Note: The above information has been verified from S A R B & Associates Chartered Accountants FRN Number: (0017437C) vide its CA Certificate dated August 06, 2026 and Company Statement dated August 10, 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 actually utilized 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 information / Original Comments of the Board of Directors certifications Cost (as Revised Comments Sr. considered by per the Cost of the Item Head No. Monitoring Offer (₹ Monitoring Particulars of Reason Proposed Agency f [Showing first 8,000 characters — download PDF for full document]