Monitoring Agency Report

Date: August 12, 2026 The General Manager, The Manager, Listing Department, Listing & Compliance Department Bombay Stock Exchange Limited, The National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, C-1, Block G, Bandra Kurla Mumbai – 400 001 Complex, Bandra East, Mumbai – 400051 Scrip Code: 531449 Symbol: GRMOVER Subject: Monitoring Agency Report for the quarter ended June 30, 2026 Ref.: Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“Listing Regulations”). Dear Sir / Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“Listing Regulations”), we are enclosing herewith the Monitoring Agency Report issued by CARE Ratings Limited, Monitoring Agency for the quarter ended June 30, 2026 in relation to the utilization of the proceeds of the Preferential Issue of 90,70,000 Fully Convertible Warrants on preferential basis. You are requested to kindly take the same on your record. Thanking you, Yours faithfully, For GRM Overseas Limited Sachin Narang Company Secretary & Compliance Officer Membership No.: 65535 No. CARE/NRO/GEN/2026-27/1095 The Board of Directors GRM Overseas Limited 128, First Floor, Shiva Market, Pitampura, New Delhi, Delhi, 110034 August 12, 2026 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026, - in relation to the Preferential Issue of GRM Overseas Limited (“the Company”) We write in our capacity of Monitoring Agency for the Preferential Issue of Share warrants for the amount aggregating to Rs. 136.05 crore of the Company and refer to our duties cast under 162A 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 August 22, 2024. Request you to kindly take the same on records. Thanking you, Yours faithfully, Akanksha Dutta Assistant Director Akanksha.dutta@careedge.in CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 4th Floor, Godrej Coliseum, Somaiya 16B, Noida, Hospital Road, Off Eastern Express Gautam Budh Nagar, Uttar Pradesh -201301 Highway, Sion (East), Mumbai - 400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691 Report of the Monitoring Agency Name of the issuer: GRM Overseas Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: No (b) Range of Deviation: NA 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 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 and designation of the Authorized Signatory: Akanksha Dutta Designation of Authorized person/Signing Authority: Assistant Director CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 4th Floor, Godrej Coliseum, Somaiya 16B, Noida, Hospital Road, Off Eastern Express Gautam Budh Nagar, Uttar Pradesh -201301 Highway, Sion (East), Mumbai - 400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691 1) Issuer Details: Name of the issuer : GRM Overseas Limited Name of the promoter : Sh. Hukam Chand Garg, Mr. Atul Garg & Mrs. Mamta Garg Industry/sector to which it belongs : Manufacturing – Food & Food Products – Rice and Flour Mill 2) Issue Details Issue Period : 18 months from date of allotment (Date of allotment: August 08, 2024) Type of issue (public/rights) : Preferential Issue of convertible warrants Type of specified securities : Convertible Warrants IPO Grading, if any : Not Applicable Issue size (in crore) : Rs. 136.05 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments of certifications considered the Particulars Reply Comments of the Monitoring Agency by Monitoring Agency Board of for preparation of report Directors CA Certificate*, Bank Whether all utilization is as per the disclosures All the proceeds from the preferential issue have been utilized as No comments Yes Statements, in the Offer Document? per the objectives mentioned in the offer document. received Management Certificate Whether shareholder approval has been Management Certificate, No comments obtained in case of material deviations# from Not required Not applicable CA Certificate received expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed Management Certificate, No comments No No change objects of the issue have changed? CA certificate received Is there any major deviation observed over the Bank Statement, No major deviation observed over the last monitoring agency No comments earlier monitoring agency reports? BSE/NSE, CA certificate report. received Whether all Government/statutory approvals Not Applicable Management Certificate, Not applicable No comments CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 4th Floor, Godrej Coliseum, Somaiya 16B, Noida, Hospital Road, Off Eastern Express Gautam Budh Nagar, Uttar Pradesh -201301 Highway, Sion (East), Mumbai - 400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691 Source of information / Comments of certifications considered the Particulars Reply Comments of the Monitoring Agency by Monitoring Agency Board of for preparation of report Directors related to the object(s) have been obtained? CA certificate received Whether all arrangements pertaining to Management Certificate, No comments technical assistance/collaboration are in Not Applicable Not applicable CA certificate received operation? Are there any favorable/unfavorable events Management Certificate, No comments No Not applic [Showing first 8,000 characters — download PDF for full document]