Monitoring Agency Report

August 13, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai 400 001 Mumbai 400 051 Stock Code: 532382 Stock Code: BALAJITELE Sub: Report of Monitoring Agency under Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith Monitoring Agency Report for the quarter ended June 30, 2026, issued by CRISIL Ratings Limited (“Monitoring Agency”), in respect of the utilization of funds raised through Preferential Issue of Equity Shares to Promoters and other entities/individual belonging to Non Promoter category. The Monitoring Agency report will also be available on the website of the Company at www.balajitelefilms.com. Kindly take the same on record. Thanking You. Yours faithfully, For Balaji Telefilms Limited Tannu Sharma Company Secretary and Compliance Officer Membership No – ACS30622 Encl.: As above Monitoring Agency Report Balaji Telefilms Limited for the quarter ended June 30, 2026 CRL/MAR/BALAJITELE/2026-27/1908 August 13, 2026 Balaji Telefilms Limited C-13, Balaji House, Dalia Industrial Estate, Opp. Laxmi Industries, New Link Road, Andheri (West)-Mumbai-400053 Dear Sir/Ma’am Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue(“PI”) of Balaji Telefilms Limited (“the Company”) Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated January 23, 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 Preferential issue 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: Balaji Telefilms Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: No (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: Balaji Telefilms Limited Names of the promoter: Jeetendra Alias Ravi Amarnath Kapoor, Shobha Ravi Kapoor, Ekta Ravi Kapoor, Tusshar Ravi Kapoor Industry/sector to which it belongs: Media & Entertainment 2) Issue Details Issue Period: 25/01/2025 to 07/02/2025 Type of issue (public/rights): Preferential Issue (“PI”) Type of specified securities: Equity Shares Issue size: Rs 130.68 crore (Issue Proceeds) * *Crisil Ratings shall be monitoring the issue proceeds amount. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments of the Comments of Particulars Reply considered by Monitoring the Board of Monitoring Agency Agency Directors for preparation of report Management undertaking, Peer Reviewed ICA No proceeds Whether all utilization is as per the Certificate were utilized NA - disclosures in the Offer Document? ^, Notice of during the Shareholders dated reported quarter 19/12/2024 & Bank Statements Whether shareholder approval has been obtained in case of material deviations from NA No Comments No Comments expenditures disclosed in the Offer Document? Whether the means of finance for the No No Comments No Comments disclosed objects of the issue has changed? Is there any major deviation observed over Management No No Comments No Comments the earlier monitoring agency reports? Undertaking, Peer Reviewed ICA Whether all Government/statutory Certificate^ approvals related to the object(s) have been NA No Comments No Comments obtained? Whether all arrangements pertaining to technical assistance/collaboration are in NA No Comments No Comments operation? Are there any favorable events improving the NA No Comments No Comments viability of these object(s)? Are there any unfavorable events affecting No No Comments No Comments the viability of the object(s)? Is there any other relevant information that may materially affect the decision making of No No Comments No Comments the investors? ^Certificate dated July 22, 2026, issued by M/s S.S. Rathi & Co., Chartered Accountants (Firm Registration Number: 0108726W), Peer Reviewed Independent Chartered Accountants. 4) Details of object(s) to be monitored: i. Cost of the object(s): Comments of the Board of Source of Original Directors information/ cost Revised certification (as per the Particulars Sr. Cost Comment Item considered Offer Reason Proposed of firm No. (Rs in of the MA Head by MA for Document) of Cost financing arrange- crore) preparation (Rs in revision option ments of report crore) made 1 Movie Production 65.00 NA No Revision revision (i) Music Rights Management retention, acquisition undertaking, and distribution Peer (ii) Movie distribution Reviewed No 2 33.18 NA No Revision business ICA revision (iii) Digital content Certificate^, business including IP Notice of content business Shareholders dated 19/12/2024 General Corporate No 3 32.50 NA No Revision Purposes# revision Total - 130.68 - - - #The amount utilised for general corporate purposes does not exceed 25% of the Gross Proceeds (amounting to Rs 32.67 crore) from the Issue. ^Certificate dated July 22, 2026, issued by M/s S.S. Rathi & Co., Chartered Accountants (Firm Registration Number: 010 [Showing first 8,000 characters — download PDF for full document]