Monitoring Agency Report

Date: August 12, 2026 To, To, Listing/Compliance Department Listing/Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, G-Block, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai -400051 Mumbai – 400001 NSE Symbol: SHRINGARMS BSE Scrip Code: 544512 Dear Sir/ Madam, Subject: Monitoring Agency Report for the Quarter ended 30st June, 2026 Pursuant to Regulation 32 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith Monitoring Agency Report issued by CRISIL RATINGS LIMITED, Monitoring Agency, for the quarter ended on June 30, 2026 in respect of utilization of proceeds of the Initial Public Offer (‘IPO’) of the Company. The abovementioned statement has been duly reviewed by the Audit Committee at its meeting held on August 12, 2026. This intimation is also being uploaded on the Company’s website at www.shringar.ms We request you to take the same on record. Thanking you Your Faithfully, For Shringar House of Mangalsutra Limited Rachit S Sinha Company Secretary and Compliance Officer Membership No A64256 Address: Unit No. B-1, Lower Ground Floor, Jewel World (Cotton Exch Bldg), 175, Kalbadevi Rd, Bhuleshwar, Mumbai – 400 002, Maharashtra, India SHRINGAR HOUSE OF MANGALSUTRA LIMITED B1, Jewel World, Cotton Ground, 1st & Part of 2nd Floor, Gala CIN No.: L36911MH2009PLC189306 Exchange Building, No. 21 ABCD, Government Industrial (Previously Known as Kalbadevi Road, Mumbai - Estate, Charkop, Opp Navakal Press, Shringar House of Mangalsutra Pvt. Ltd.) 400 002 INDIA Near Hindustan Naka, Kandivali West, • Tel.: +91 22 43 111 222 Suburban, Maharashtra Mumbai - 400 • Tel.: +91 22 40 068 460 Email: office@shringar.ms • Web: www.shringar.ms Factory Details +91 91374 78031 / +91 70459 97696 Monitoring Agency Report Shringar House of Mangalsutra Limited for the quarter ended June 30, 2026 CRL/MAR/SHSPGL/2026-27/1974 August 12, 2026 Shringar House of Mangalsutra Limited B1, Jewel World, Cotton Exchange Bldg., 175 Kalbadevi Road, Mumbai Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”) of Shringar House of Mangalsutra Limited (“the Company”) Pursuant to Regulation 41(2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated August 22, 2025, enclosed herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of IPO for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking you, For and on behalf of Crisil Ratings Limited Shounak Chakravarty Director, Ratings (LCG) Report of the Monitoring Agency (MA) Name of the issuer: Shringar House of Mangalsutra Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable (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: Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) 1) Issuer Details: Name of the issuer: Shringar House of Mangalsutra Limited Names of the promoter: a. Mr. Chetan Natvarlal Thadeshwar b. Ms. Mamta C Thadeshwar c. Mr. Balraj Chetan Thadeshwar d. Mr. Viraj Chetan Thadeshwar Industry/sector to which it belongs: Gems & Jewellery 2) Issue Details Issue Period: 09th September 2025 to 12th September 2025 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs. 4,009.20 million Issue size comprises of fresh issuance/gross proceeds of Rs 4,009.20 million (Refer Note 1) Note 1: Particulars Amount (Rs. million) Gross proceeds of the Fresh Issue 4,009.20# Less: Issue Expenses 395.63 Net Proceeds 3,613.57* # Crisil Ratings shall be monitoring the gross proceeds. * During the quarter ended December 31, 2025, net proceeds were revised from Rs 3,588.79 million to Rs 3,613.57 million as the actual utilisation of proceeds toward issue expenses were lower than the estimated expenses as disclosed in the offer document. The surplus issue expenses amounting to Rs 24.78 million has been added with the cost of the GCP. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ Comments Comments of certifications considered of the Particulars Reply the Monitoring by Monitoring Agency Board of Agency for preparation of report Directors The utilization Management is as per the undertaking, Peer- objects Whether all utilization is as per the reviewed Independent No Yes mentioned in disclosures in the Offer Document? Chartered Accountant Comments the prospectus Certificate^, Prospectus, for issue Bank Statements expenses Source of information/ Comments Comments of certifications considered of the Particulars Reply the Monitoring by Monitoring Agency Board of Agency for preparation of report Directors Whether shareholder approval has been obtained in case of material No No deviations from expenditures Comments Comments disclosed in the Offer Document? Whether the means of finance for the No No disclosed objects of the issue has No Comments Comments changed? Is there any major deviation observed No No over the earlier monitoring agency No Comments Comments reports? Whether all Government/statutory No No approvals related to the object(s) Yes Comments Comments have been obtained? Management Undertaking & Whether all arrangements pertaining Peer-reviewed No No to technical assistance/collaboration NA Independent Chartered Comments Comments are in operation? Accountant Certificate^ Are there any favorable events No No improving the viability of these No Comments Comments object(s)? Are there any unfavorable events No No affecting the viability o [Showing first 8,000 characters — download PDF for full document]