BSECompany Update13 Aug 2026 · 13 Aug 2026, 04:48 pm
Monitoring Agency Report for the Quarter ended June 30, 2026, issued by Brickwork Ratings India Private Limited
Game Changers Texfab Ltd · 544594
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Game Changers Texfab Ltd has received a monitoring agency report from Brickwork Ratings India Private Limited for the quarter ended June 30, 2026, regarding the utilization of proceeds from its fresh issue of equity shares. The report indicates that there are no deviations from the objects of the issue.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10
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Game Changers Texfab Ltd - 544594 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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GAME CHANGERS TEXFAB LIMITED
Reg. Office: 3656-P, No-21, Hathi Khanna, Bahadurgarh Road,
Delhi-110006, India
Sales Office: 135 Udyog Vihar Phase-1 Gurugram- 122016, TradeUNO
Haryana, India
THINK FABRIC, THINK TRADEUNO
CIN L14101DL2015PLC278723
Date: August 13, 2026
BSE Limited
25% Floor, P J Towers,
Dalal Street, Mumbai- 400001
BSE Scrip Code: 544594
BSE Scrip Symbol: TRADEUNO
Subject: Report of the Monitoring Agency w.r.t. utilization of proceeds of the Initial
Public Offering (IPO), for the quarter ended June 30, 2026
Dear Sir/Madam,
Pursuant to Regulation 32(6) of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 r/w Regulation 262 of the Securities and
Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018,
we have enclosed herewith Monitoring Agency Report dated 29th July, 2026, issued by
Brickwork Ratings India Private Limited for the quarter ended June 30, 2026, monitoring the
utilisation of funds raised through Fresh Issue of Equity Shares of the Company.
The aforesaid Monitoring Agency Report has been reviewed by the Audit Committee and
taken on record by the Board of Directors via Resolution by Circulation dated 12% August,
2026.
You are requested to take the same on record.
For Game Changers Texfab Limited
Digtaly signed
SANJEE sevees
V GOEL osezmzssera
Y631 24 0530
Sanjeev Goel
Managing Director
DIN: 02000105
Encl: As above
‘ 9810060909 @ WWW.TRADEUNO.COM i ACCOUNTS@TRADEUNO.COM
Brickwork Ratings India Private Limited
BRICK“’/ORKW 3rd Floor, Raj Alkaa Park, Kalena Agrahara
RATINGS Bannerghatta Road, Bengaluru - 560 076
P: +91 80 4040 9940/9999
Monitoring Agency Report for
Game Changers Texfab Limited
for the quarter ended
June 30, 2026
info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591
- Brickwork Ratings India Private Limited
BRICK“’/ORK 3rd Floor, Raj Alkaa Park, Kalena Agrahara
RATINGS Bannerghatta Road, Bengaluru - 560 076
P: +91 80 4040 9940/9999
No. BWR/2026-27/IPM/GCTL/03
July 29,2026
Mr. Ankur Aggarwal
Chief Financial Officer
Game Changers Texfab Limited
3656-P NO-21, Hathi Khanna,
Bahadur Garh Road,
Delhi- 110006
Dear Sir,
Third Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Fresh Issue
of Equity Shares Issue of Game Changers Texfab Limited (“the Company”)
Pursuant to Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
(“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated August 1, 2025, Brickwork
Ratings (BWR) has prepared the Third Monitoring Agency Report, as per SchedulXeI 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 of Equity Shares aggregating to Rs. 54.83
Crores 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 August 5, 2025.
Request you to kindly take the same on records.
Thanking you,
Yours Faithfully,
Digitally signed by NIRAI KUMAR RATHI
DIV:C=IN, postalCode=S60076,st=KARNATAKA, strect=293 AND
322 3RD FLOOR BRICKWORK RATINGS INDIA PYT LTD RAJ ALKAL
PARK KALENA AGRAHARA, BANNERGHATTA ROAD KARNATAKA,
1=BENGALURU URBAN, 0=BRICKWORK RATINGS INDIA PRIVATE
LIMITED, ou=COMPANY,
Seriallumber=3a14b95402102719471 ea7be2cbAct6C21 1665
4c5a3334cA7490c50cec,
pseudonym=71e2d682681Ta4d6be8e 416a1c26e577,
25.4.20-23b 34 T79000B264C435S bE6C2ATR9BO87IAcebGta
C14a1458144e1bd, emai-NRA RGBRICKWORKRATINGS COM,
cn=NRAJ KUMAR RATHI
Date: 2026.07.29 1427:58 40530
Mr Niraj Kumar Rathi
Senior Director, Ratings - Brickwork Ratings
info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591
Brickwork Ratings India Private Limited
BRICK“’/ORKW 3rd Floor, Raj Alkaa Park, Kalena Agrahara
RATINGS Bannerghatta Road, Bengaluru - 560 076
P: +91 80 4040 9940/9999
Report of the Monitoring Agency (MA)
Name of the issuer: Game Changers Texfab 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 vioef twhe 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 creatinag 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 monitorianngd
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 ManagemenAutd/it 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.
Digtal sgned by A KUMAR FATH
N I R AJ KU M AR DN - pontCo1 dKAReNATA-KA,5 sss6t—2093 0AND7 322 630 FLOGR
SRICKAOR TGS DA Y T RAJALKA PARKKALENA AGRAMAR,
BANNERGHATTA ROAD KARNATAKA, I-SENGALURU LR, o-GCKHORK
RATIINDINA PRGIVASTE LIAITED, ou-COMPANY,
serumber-3a 1409641027194 esTbe2cAbic6c2) 6 34cSaaastcA4d9
0cec peuclomym7 1€2d682681468 e Tachee] 612657,
125420 2ab3cH779008€ 51000 364435bGS12AFES887o4f1c4e58b1a dcdel T,
iR ALRD BRIGKHORKRATINGS COMcn=NIRA) KUMAR RATH
Dite: 2260729142823 40530
Signature:
Name of the Authorized Signatory: Mr Niraj Kumar Rathi
Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork
Ratings
info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591
Brickwork Ratings India Private Limited
BRICKWORK"
3rd Floor, Raj Alkaa Park, Kalena Agrahara
Bannerghatta Road, Bengaluru - 560 076
RATINGS
P: +91 80 4040 9940/9999
1) Issuer Details:
Name of the issuer: Game Changers Texfab Limited
Names of the promoter: Mr. Ankur Aggarwal, Mr. Sanjeev Goel and
Force Multiplier Ecommerce Private Limited
Industry/ sector to which it belongs: Textiles
2) Issue Details:
Issue period: For anchor investor- October 27, 2025
For others — O
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