Monitoring Agency Report w.r.t. the utilization of Qualified Institutional Placement ("QIP") proceeds for the Quarter ended June 30, 2026

PI PES & www.hitechpipes.in BUILDING A NEW INDIA Date: August 14, 2026 Listing Department, Corporate Relationship Department, National Stock Exchange of India BSE Limited Limited Phiroze Jeejeebhoy Towers, Rotunda Exchange Plaza, Plot No. C/1, G Block, Building, Dalal Street, Fort Bandra Kurla Complex- Bandra (E), Mumbai- 400001 Mumbai-400051 NSE Symbol: HITECH Scrip Code: 543411 Sub: Report of the Monitoring Agency with respect to utilization of the Qualified institutional placement (“QIP”) proceeds for the Quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 173A of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018, as amended, and Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Monitoring Agency Report (Issued by CRISIL Ratings Limited), with respect to utilization of the Qualified institutional placement (“QIP”) proceeds for the Quarter ended on June 30, 2026. Kindly take the note of above information on record and oblige. Thanking you, Yours faithfully, For Hi-Tech Pipes Limited For HI-TECH PIPES LIMITED Company Secretary Arun Kumar Company Secretary & Compliance Officer Encl: a/a MS PIPES & HOLLOW SECTIONS | GPGC SHEET & COLOR COATED COIL | Gl & GP PIPES | CR COILS & STRIPS —= HI-TECH PIPES LIMITED 505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi -110034 CIN: L27202DL1985PLC0O18750 Crisil Monitoring Agency Report Hi-Tech Pipes Limited for the quarter ended June 30, 2026 Crisil Ratings Limited Corporate Identity Number: U87100MH2019PLC326247 Office Address: Lightbridge IT Park, Saki Vinar Road, Andheri East. Mumbai- 400 072. India. Registered Office Aaddress: CRISIL House, Central Avenue, Hiranandani Business Park, Powal, Mumbai- 400 076, India I Phone: +91 22 6137 3000 | www.crisilratings.com a company of S&P Global Crisil Ratings CRI/MAR/HTPPLTD/2026-27/1899 August 13, 2026 Hi-Tech Pipes Limited 505, Pearls Omaxe Tower Netaji Subhash Place Pitampura, Delhi- 110034 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Qualified institutional Placement (“QIP”) of Hi-Tech Pipes Limited (“the Company”) Pursuant to Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) and Monitoring Agency Agreement dated September 20, 2024, entered with the Company, we enclose herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, as per Schedule XI of the SEBI ICDR Regulations towards utilization of QIP proceeds 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) Crisil Ratings Limited Corporate Identity Number: U§7100MH2019PLC326247 Office Address: Lightbridge IT Park, Saki Vinar Road, Andheri East. Mumbai- 400 072. India. Registered Office Aaddress: CRISIL House, Central Avenue, Hiranandani Business Park, Powal, Mumbai- 400 076, India I Phone: +9122 6137 3000 | www.crisilratings.com a company of S&P Global Crisil Ratings Report of the Monitoring Agency (MA) Name of the issuer: Hi-Tech Pipes Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable for the reported quarter. Note - During the quarter ended December 31, 2025, the proceeds towards the objects of the offer were utilized as per the disclosures in the Placement Document dated October 11, 2024 (hereinafter referred to as “Offer Document”). However, the Company had deposited the unutilized proceeds in "The Wealth Company Flexi Cap Fund", which is an equity mutual fund that is vulnerable to fluctuations in equity share prices. This investment did not align with the disclosures made by the Company in the Offer Document as this investment carried inherent risks. (b) Range of Deviation: Not applicable Declaration: Ve declare that this report provides an objective view of the utilization of the issie 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 danage 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. Notling mentioned i this reporits intended to or should be construed as creating a fiduciary relationslip between the MA and any issuer or between the agency and any user oft his 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. Ve confirm that we do not perceive any conflict of interest in such relationship/intewrheislte monitoring and reporting the utilization of the issie proceeds by the issuer. Ve have subimtted the report herewith i line with the format presciibed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Conuments of the Board of Directors”, that shall be captured by the Issuer’s ‘Managem/ eAunditt Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissenination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibiliftoyr such comments of the issuer’s Management/Board. signature: Aol W Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) Crisil Ratings Limited Corporate Identity Number: U§7100MH2019PLC326247 Office Address: Lightbridge IT Park, Saki Vihar Road, Andheri East. Mumbai- 400 072. India Registered Office Aaddress: CRISIL House, Central Avenue, Hiranandani Business Park, Powal, Mumbai- 400 076, India I Phone: +9122 6137 3000 | www.crisilratings.com a company of S&P Global Crisil Ratings 1) Issuer Details: Name of the issuer: Hi-Tech Pipes Limited Names of the promoter: a. Mr. Ajay Kumar Bansal b. Mr. Anish Bansal Industry/sector to which it belongs: Tron and Steel Pipes 2) Issue Details Issue Period: Monday, October 07, 2024, to Friday, October 11, 2024 Type of issue (public/rights): Qualified Institutional Placement (QIP) Type of specified securities: Equity Shares QIP Grading, if any: NA Issue size: The issue of Rs 5,007.89 million (net proceeds of Rs 4,718.60 million*) *Crisil shall be monitoring the net proceeds. Note 1: The issue proceeds e been revised from Rs 4,718.60 million to Rs 4,732.89 million as mentioned on page 6 of the MA Report. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications considered by Comments of the Comments of the Particulars Reply Monitoring Monitoring Agency Board of Directors Agency for preparation of report Statutory Auditor’s Certificate”, Management Undertaking, No proceeds were Whether all utilization is as per the NA Placement utilized during the No comments disclosures in the Offer Document? Document quarter (hereinafter referred as “Offer document”), Bank Statements Crisil Ratings Limited Corporate Identity Number: U§7100MH2019PLC326247 Office Address: Lightbridge IT Park, Saki Vinar Road, Andheri East. Mumbai- 400 072. India Registered Office Aaddress: CRISIL House, Ce [Showing first 8,000 characters — download PDF for full document]