Pursuant to Regulation 32(6)of SEBI (LODR) Regulations, 2015 read with Regulation 41(4) of SEBI (Issue of Capital & Disclosure Requirements) Regulations 2018, Please find enclosed Monitoring ....

Date: 14.08.2026 Head of the Department, Department of Listing Operation, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001 SCRIP Code: 544571 ISIN: INE0SLP01017 Sub.: Monitoring Agency Report for the quarter ended 30th June 2026– Utilization of funds raised through Public Issue Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), as amended from time to time, we hereby submit the Monitoring Agency Report, issued by the Monitoring Agency appointed by the Company. The said report has been placed before the Audit Committee for its review and noting, and the same is being submitted to the Exchange within the prescribed timelines. The enclosed report pertains to the utilization of funds raised through the Public Issue of the Company and confirms that the utilization is in accordance with the objects stated in the Offer Document, with no deviation or variation. The aforesaid information is also being made available on the website of the Company at www.nsbbpo.com. Yours faithfully, FOR NSB BPO SOLUTIONS LIMITED ANJALI SHUKLA COMPANY SECRETARY Encl.: Monitoring Agency Report Third Monitoring Agency Report for NSB BPO Solutions Limited for the quarter ended June 30, 2026 No. BWR/2026-27/IPM/NBSL/03 August 12, 2026 Mr. Santosh Rao Dongre Chief Financial Officer NSB BPO Solutions Limited 3rd Floor, Plot No. 13, Railway Colony, E-8, Arera Colony, Trilanga, Bhopal, Huzur, Madhya Pradesh, India 462039 Dear Sir, Third Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Fresh Issue of Equity Shares of NSB BPO Solutions 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 September 8, 2025, Brickwork Ratings (BWR) has prepared the Second Monitoring Agency Report, as per Schedule XI 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.64.13 Crore 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 September 8, 2025. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: NSB BPO Solutions 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 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. We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and 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 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 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 monitoring and 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 Management / Audit Committee of the Board of Directors after 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 of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings 1) Issuer Details: Name of the issuer: NSB BPO Solutions Limited. Name of the promoter: Mr. Narendra Singh Bapna Industry / sector to which it belongs: Information Technology (IT) & BPM 2) Issue Details: Issue period: 23 September 2025 to 7 October 2025 Type of issue (public/ rights): Fresh Issue of Equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 64.13 Total Amount Value as per Offer Document Particulars Number of Price (₹) Received (₹ Crore) Securities (₹ Crore) Equity Shares-Fresh Issue 53,00,000 121 64,13,00,000 64.13 Total 53,00,000 121 64,13,00,000 64.13 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments Comments certifications of of Particulars Reply considered by Monitoring Board of Monitoring Agency Agency Directors for preparation of report Whether all utilization is as per Bank Statements, the disclosures in the Offer Yes Invoices, Company’s Nil Nil Document? Letter, CA Certificate. Whether shareholder approval has been obtained in case of Not Nil material deviations# from Nil Nil Applicable expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No Nil Nil has changed? Is there any major deviation Not Nil Nil observed over the earlier Nil Applicable monitoring agency reports? Whether all Government/statutory approvals Yes Company’s letter Nil Nil related to the object(s) have been obtained? Whether all arrangements pertaining to technical Not Nil Nil Nil assistance/collaboration are in Applicable operation? Are there any favourable events improving the viability of these No Company’s letter Nil Nil object(s)? Are there any unfavourable events affecting the viability of the No Company’s letter Nil Nil object(s)? Is there any other relevant information that may materially No Not Applicable Nil Nil affect the decision making of the investors? Notes: As per CA certificate from B.C.P. Jain & co. FRN no. 000802C dated August 11, 2026 and Company statement dated August 1, 2026. #Where material deviation may be defined to mean: (a) Deviation in the objects or purposes for which the funds have been raised (b) Deviation in the amount of funds utilised by more than 10% of the amount projected in the offer documents. 4) Details of object(s) to be monitored: i. Cost of object(s): S [Showing first 8,000 characters — download PDF for full document]