Pursuant to Reg 32(6) of SEBI (LODR) Regulations and Reg. 162A(4) of SEBI (ICDR) Regulations, please find enclosed Report for the quarter ended 30th June 2026. issued by Crisil Ratings ....

Dated 14th August, 2026 To To The Secretary, Listing Department The Manager, Listing Department BSE Limited National Stock Exchange of India Limited P.J Towers, Dalal Street Exchange Plaza, 5th Floor, Mumbai-400 001 Plot No. C/1 Maharashtra, India G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Maharashtra, India Scrip Code: 532767 Scrip Code: GAYAPROJ Dear Sir, Sub: Submission of Report of Monitoring Agency – reg. Ref: SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 r.w. SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018 Pursuant to Reg. 32(6) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, and Reg. 162A(4) of SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018, please find enclosed the report issued by Crisil Ratings Limited, the Monitoring Agency for the quarter ended 30th June, 2026 in respect of utilization of proceeds of Preferential issue made by the company. Please note that the entire proceeds were utilized during this quarter only and no balance is available. Request you to take the same on record. Thanking You, for GAYATRI PROJECTS LIMITED Shashank Jain Company Secretary & Compliance Officer Encl: As above Regd. & Corp. Office: Gayatri Projects Limited, B1, 6-3-1090, TSR Towers T +91 40 2331 4284/4296 E gplhyd@gayatri.co.in Raj Bhavan Road, Somajiguda, Hyderabad 500 082 T.S F +91 40 2339 8435 www.gayatri.co.in CIN: L99999TG1989PLC057289 Monitoring Agency Report Gayatri Projects Limited for the quarter ended June 30, 2026 CRL/MAR/GAYPROLTD/2026-27/1898 August 14, 2026 Gayatri Projects Limited B-1, 6-3-1090, T.S.R. Towers, Raj Bhavan Road, Somajiguda Hyderabad – 500082, Telangana, India Dear Sir, Final Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue (“PI”) of Gayatri Projects Limited (“the Company”) Pursuant to Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated September 30, 2025, enclosed herewith the Final Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of PI 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) Final Report of the Monitoring Agency (MA) Name of the issuer: Gayatri Projects 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: Gayatri Projects Limited Names of the promoter: Mr. T. V. Sandeep Kumar Reddy Industry/sector to which it belongs: Infrastructure and Construction industries 2) Issue Details Issue Period: April 22, 2026 Type of issue (public/rights): Preferential Issue (PI) Type of specified securities: Equity Shares PI Grading, if any: NA Issue size: Rs 314.00 crore (Issue proceeds were revised to Rs 277.10 crore due to undersubscription of equity shares.) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments considered by Comments of the Particulars Reply of the Board Monitoring Monitoring Agency of Directors Agency for preparation of report Statutory Auditors Certificate^, Management Proceeds utilized undertaking, towards repayment Whether all utilization is as per the Notice to EGM for OTS settlement, No disclosures in the Offer Document? dated October 23, working capital and comments 2025 (hereinafter general corporate referred as “Offer purposes document”), Bank Statements Whether shareholder approval has been Statutory Auditors obtained in case of material deviations from Certificate^, No NA No comments expenditures disclosed in the Offer Management comments Document? Undertaking Source of information/ certifications Comments considered by Comments of the Particulars Reply of the Board Monitoring Monitoring Agency of Directors Agency for preparation of report Whether the means of finance for the No No No comments disclosed objects of the issue has changed? comments Is there any major deviation observed over No NA No comments the earlier monitoring agency reports? comments Whether all Government/statutory Statutory Auditors No approvals related to the object(s) have been NA No comments Certificate^, comments obtained? Management Undertaking Whether all arrangements pertaining to technical assistance/collaboration are in NA No comments comments operation? Are there any favorable events improving the No No No comments viability of these object(s)? comments Are there any unfavorable events affecting No No No comments the viability of the object(s)? comments Is there any other relevant information that may materially affect the decision making of No No comments comments the investors? NA represents Not Applicable ^ Certificate dated August 11, 2026, issued by M/s Atmakuri & Co., Chartered Accountants (Firm Registration Number: 000268S), Statutory auditor of the Company. 4) Details of object(s) to be monitored: i. Cost of the object(s): Source of Original information/ cost Comments of the Board of Directors Revised certification (as per the Sr. Cost Comment of Item considered Offer No. (Rs in the MA Particulars of Head by MA for Document) Reason Proposed crore) firm preparation (Rs in of Cost financing arrangements of report crore) revision option made Repayment of OTS to 1 150.00 145.00 Lenders Statutory General Corporate Auditors (Refer 2 Purpose Certificate^, 75.00 49.26 Note 1) No comments (Refer Note 2) Management Undertaking, Notice to EGM, Bank Statements Working Capital 3 [Showing first 8,000 characters — download PDF for full document]