Monitoring Agency Report

Email : info@globecivilprojects.in c: (’ '-‘ Web : www.globecivilprojects.com Tel : 011- 4656 1560 Globe Civil Projects Limited August 12,2026 To To National Stock Exchange of India Ltd BSE Limited Listing Compliance Department Listing Compliance Department Exchange Plaza, 5th Floor, C. 1, Block G, | 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Bandra Kurla Complex, Bandra (E), Mumbai | Street Mumbai — 400001 400051 NSE SYMBOL: GLOBECIVIL SCRIP CODE: 544424 SUBJECT: MONITORING AGENCY REPORT FOR THE QUARTER ENDED JUNE 30. 2026. Dear Sir/Mam, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time ("SEBI Listing Regulations"), please find enclosed the report for the quarter ended June 30, 2026 issued by CARE Ratings Limited, the Monitoring Agency appointed to monitor the Utilization of proceeds raised through Initial Public Offer of Equity Shares of the Company. The same is also available on the website of the Company htips:/www.globecivilprojects.com. This is for your information and records. Thanking you, For and on behalf of GLOBE CIVIL PROJECTS LIMITED VI neet putaly signed by Vineet Rattan Date: 20260812 Rattan wio sos30 Vineet Rattan Company Secretary and Compliance Officer Membership Number: F 11724 L45202DL2002PLC115486 - Globe Civil Projects Limited, D-40, Okhla Industrial Area, Phase - I, New Delhi - 110020 Care= RATINGS No. CARE/NRO/GEN/2026-27/1098 The Board of Directors Globe Civil Projects Limited D-40, Okhla Industrial Area, Phase-I, New Delhi, Delhi, 110020 August 12, 2026 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the IPO of Globe Civil Projects Limited (“the Company™”) We write in our capacity of Monitoring Agency for the Initial Public Offer for the amount aggregating to Rs. 119.00 crore of the Company and refer to our duties cast under 41 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 June 14, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, FPhondstn [t Akanksha Dutta Assistant Director akanksha.dutta@careedge.in CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 4th Floor, Godrej Coliseum, Somaiya 168, 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-L67190MH1993PLC07169] Carezdge RATINGS Report of the Monitoring Agency Name of the issuer: Globe Civil Projects Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: NIL (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 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. Fwndsho PDutto CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 4th Floor, Godrej Coliseum, Somaiya 168, 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 Care=i ge RATINGS 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 168, 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 74@ CIN-L67190MH1993PLCO71691 Care=dge RATINGS 1)Issuer Details: Name of the issuer : Globe Civil Projects Limited Name of the promoter : Ved Prakash Khurana, Nipun Khurana, Vipul Khurana Industry/sector to which it belongs : EPC (Engineering, Procurement & Construction) 2)Issue Details Issue Period : June 24, 2025, to June 26, 2025 Type of issue (public/rights) : Public Type of specified securities : Equity shares IPO Grading, if any : Not applicable Issue size (in crore) :Rs. 119.00 crore 3)Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / joeiication Comments of the Board Particulars Reply considered by Comments of the Monitoring Agency " e of Directors Monitoring Agency for preparation of report All proceeds from the public issue have been utilized as per the objectives mentioned in the offer document, as supported by management and CA certificate. During Q2FY26, the company transferred the unutilized portion of the proceeds into its current Management Certificate, accounts and created fixed deposits with varied maturity dates. I ag ! | Consequently, in Q1FY27, all the objects were met through Whether all utilization is as per the Y Chartered Accountant | . . n " : : ‘es - % utilization from the current accounts. Owing to various No comments received disclosures in the Offer Document? certificate®, Bank . . ; ” ) . transactions pertaining to capital expenditure, working capital statements . . . requirements, GCP and issue expenses incurred from current accounts, there has been comingling of funds (where issue proceeds were mixed with other cash flows), which restricted our ability to directly ascertain them. However, we have relied on management certificate and Chartered Accountant certificate. Whether shareholder approval has been No material Management Certificate, Not applicable No comments received CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 4th Floor, Godrej Coliseum, Somaiya 168, Noida, Hospital Road, Off Eastern Express Gautam Budh Nagar, Uttar Pradesh -201301 Highway, Sion (East), Mumbai - 400 022 Phone: +9 [Showing first 8,000 characters — download PDF for full document]