Monitoring Agency Report

JNK India Limited (Formerly known as JNK India Private Limited) CIN: L29268MH2010PLC204223 203 to 206, Centrum, Plot No. C-3, S.G. Barve Road, Wagle Estate, Thane (W) – 400604, Maharashtra, INDIA Tel : 91-22-68858000 Email: admin@jnkindia.com Website: www.jnkindia.com Date: August 13, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, The General Manager, The Manager, Listing Department Department of Listing Operations, Exchange Plaza, C-1, Block-G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 001 Mumbai – 400 051 Scrip code: 544167 Security Symbol: JNKINDIA Dear Sir/Madam, Sub: Monitoring Agency Report for the Quarter ended June 30, 2026 Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith the Monitoring Agency Report dated August 13, 2026 issued by CRISIL Ratings Limited, Monitoring Agency, for the quarter ended June 30, 2026 in respect of utilization of proceeds of the Initial Public Offer (“IPO”) of the Company. This disclosure will also be hosted on the Company's website viz. https://jnkindia.com/ You are requested to kindly take the same on your record. Thanking you, Yours faithfully, For JNK India Limited Ashish Soni Company Secretary & Compliance Officer Enclosure: a/a Monitoring Agency Report JNK India Limited for the quarter ended June 30, 2026 CRL/MAR/JNKIDPL/2026-27/1973 August 13, 2026 JNK India Limited Unit No. 203, 204, 205 & 206, Opposite. TMC Office Centrum IT Park, Near Satkar Hotel, Thane -West, Maharashtra - 400 604, India Dear Sir, Final Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”) of JNK India 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 April 13, 2024, 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: JNK India 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: JNK India Limited Names of the promoter: a. Dipak Kacharulal Bharuka b. Goutam Rampelli c. Mascot Capital & Marketing Private Limited d. JNK Global Co. Ltd (Formerly known as JNK Heaters Co. Ltd) e. Arvind Kamath Industry/sector to which it belongs: Industrial Products 2) Issue Details Issue Period: Tuesday, April 23, 2024 to Thursday, April 25, 2024 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Fresh issuance of Rs 3,000.00 million (Net proceeds of Rs 2,821.84 million*#) *Crisil Ratings shall be monitoring the net proceeds. # During the quarter ended March 31, 2026, net proceeds have been revised to Rs 2,816.99 million, on account of actual issue expenses being higher than estimated as disclosed in the Offer Document, by Rs 4.85 million and the same has been adjusted with Object 1: Working Capital Requirements. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ Comments Comments certifications considered of the of the Particulars Reply by Monitoring Agency Monitoring Board of for preparation of report Agency Directors Proceeds Management were undertaking, Peer utilized in Whether all utilization is as per the disclosures reviewed Independent line with No in the Offer Document? chartered accountant the details Comments certificate^, Prospectus, mentioned Bank Statements in Prospectus Whether shareholder approval has been obtained in case of material deviations from No No expenditures disclosed in the Offer Comments Comments Document? Whether the means of finance for the disclosed No No objects of the issue has changed? Comments Comments Source of information/ Comments Comments certifications considered of the of the Particulars Reply by Monitoring Agency Monitoring Board of for preparation of report Agency Directors Is there any major deviation observed over the Management No No earlier monitoring agency reports? undertaking, Peer Comments Comments Whether all Government/statutory approvals reviewed Independent No No related to the object(s) have been obtained? chartered accountant Comments Comments Whether all arrangements pertaining to certificate^ No No technical assistance/collaboration are in NA Comments Comments operation? Are there any favorable events improving the No No viability of these object(s)? Comments Comments Are there any unfavorable events affecting the No No viability of the object(s)? Comments Comments Is there any other relevant information that No No may materially affect the decision making of No Comments Comments the investors? NA represents Not Applicable ^Certificate dated August 04, 2026, issued by M/s CVK & Associates, Chartered Accountants (Firm Registration Number: 101745W), Peer-reviewed Independent Chartered Accountant. 4) Details of object(s) to be monitored: i. Cost of the object(s): Original Comments of the Board of Source of cost Directors information/ Commen (as per Revised certification t of the Particular Sr. the Offer Cost Item considered by Monitori Reason Proposed s of firm No [Showing first 8,000 characters — download PDF for full document]