Intimation regarding Utilization of Rights Issue Proceeds and Valuation Repost Confirmation for the quarter ended 30th June, 2026

SEC:APL:SNM:1308261:26 August 13, 2026 The Manager, Listing Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Subject: Intimation regarding Utilization of Rights Issue Proceeds and Valuation Report Confirmation for the quarter ended 30th June, 2026 Ref: Scrip Code: Fully Paid – 517096 and Partly Paid – 890217 Dear Sir/Madam, This is with reference to the Rights Issue of 1,25,70,000 Equity Shares of ₹10/- each at a price of ₹ 5/- per share (including premium of ₹2.50) made by Aplab Limited in the ratio of 1:1 to the eligible equity shareholders as on the Record Date 29th May 2025 which closed on 3rd July 2025. Pursuant to Regulation 41 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and as per the Objects of the Issue stated in the Letter of Offer dated 27th May 2025, we hereby submit that the proceeds of the Rights Issue have been utilized for the purposes for which they were raised. We have obtained a Utilization Certificate from Infomerics Ratings, registered valuer, certifying that the proceeds have been used for the specified objects (such as [e.g., funding capital expenditure/working capital requirements] and as per the valuation report submitted previously. Summary of Utilization: - Total Amount Raised: ₹629.00 Lakhs - Amount Utilized: ₹629.00 Lakhs - Balance: ₹ 0.00 Lakhs The funds have been transferred/utilized from the Rights Issue Escrow Account to in compliance with the SEBI regulations and the approved objects of the issue. We request you to take the same on record. Thanking you, Yours Faithfully, For Aplab Limited Sanjay N. Mehta Managing Director Encl.: Certificate from Registered Valuer regarding utilization of proceeds Monitoring Agency Report for Aplab Limited for the Quarter ended June 30, 2026 Monitoring Agency Report August 12, 2026 Aplab Limited Plot No. 12, TTC Industrial Area, Village Digha, Thane Belapur Road, Mumbai, Maharashtra-400708, India. Dear Sir, Monitoring Agency Report for the Quarter ended June 30, 2026 - in relation to the Rights issue of Aplab Limited (“The Company”) We write in our capacity of Monitoring Agency for the right issue of equity shares for the amount aggregating to Rs.23.88 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, 2018 (SEBI ICDR 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 29 May 2025. Request you to kindly take the same on records. Thanking you, For and on behalf of Infomerics Valuation and Rating Limited Gaurav Jain (Director - Ratings) gaurav.jain@infomerics.com Report of the Monitoring Agency Name of the Issuer: Aplab Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Infomerics Valuation and Rating Limited (a) Deviation from the objects: None (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 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 issue proceeds by the issuer. We further declare that this report provides true and fair view of the utilization of issue proceeds. Signature: Name of the Authorized Person/Signing Authority: Gaurav Jain Designation of Authorized person/Signing Authority: Director - Ratings Seal of the Monitoring Agency: Date: August 12, 2026 1) Issuer Details: Name of the issuer: Aplab Limited Names of the promoters of the issuer: Ms. Amrita Prabhakar Deodhar Industry/sector to which it belongs: The Company is presently engaged in the business of industrial power electronics, with its operations centred around the design, control, and conversion of electrical power to meet various industrial requirements. The Company has been serving a moderate range of industries by offering reliable and application-oriented solutions that support efficient power managements. 2) Issue Details: Issue Period: June 04, 2025, to July 03, 2025 Type of issue (public/rights): Rights Issue Type of specified securities: Rights Equity shares Grading: Not Applicable Issue size (Rs in Crores): Rs. 23.88 crores (Refer Note No. 1 & Note No. 2) Note 1 During Q2FY26, the company proposed via its prospectus to issue 1,25,70,000 Rights Equity Shares at an issue price of Rs. 19.00 (including a premium of Rs. 9.00) aggregating to Rs. 23.88 crore. However, company had only called Rs. 5.00 per rights equity share during Q2FY2026. Further no call were made during Q1FY27. The remaining portion of Rs. 14.00 per rights equity share (aggregating to Rs. 17.59 crore) is yet to be called. Note 2 Particulars Amount as per the Prospectus (Rs. in crore) Total Issue Proceeds proposed to be received as per prospectus 23.88* Less: Estimated Issue Related to Expenses 0.50 Net Proceeds for Utilization 23.38# #Infomerics ratings will be Monitoring the Net Proceeds of Rs. 23.38 crore *As per the Letter of Offer, the company had proposed to deploy the entire Net Proceeds towards the stated objects during FY2026. However, the issue price of Rs. 19.00 per rights equity share was to be called in stages, and the company had called only Rs. 5.00 per share during Q2 FY2026, resulting in receipt of Rs. 6.29 crore. The entire amount received was utilised towards the stated objects during Q2 FY2026. No further calls were made during Q3 FY2026, Q4 FY2026 and Q1 FY2027 and, accordingly, there were no receipts or utilisation during these periods. The Letter of Offer also provides that, in case the Net Proceeds are not completely utilised during the proposed fiscal due to factors beyond the company's control, including market, economic, business and other commercial considerations, the unutilised proceeds may be utilised in subsequent fiscals, subject to applicable laws. Accordingly, the non-utilisation of the entire proposed proceeds by FY2026 is not considered a deviation from the stated objects, particularly as only a portion of the issue price has been called, and the balance amount is yet to be called by the company. The company is expected to utilise the balance proceeds in subsequent fiscals upon making the further calls, in accordance with the Letter of Offer and applicable regulatory requirements. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Particulars Reply Source of information / Comments of Monitoring Comments certifications considered by Agency of Board of Monitoring Agency for Directors preparation of report Whether a [Showing first 8,000 characters — download PDF for full document]