Monitoring Agency Report for the quarter ended June 30, 2026.

NITCO/SE/2026-27/30 August 14, 2026 Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Limited Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Bandra Dalal Street, (E), Mumbai – 400 001 Mumbai – 400 051 Script code: 532722 Script code: NITCO Dear Sir/Madam, Sub: Monitoring Agency Report under Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”) read with Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we have enclosed herewith Monitoring Agency Report for the quarter ended June 30, 2026, issued by Infomerics Valuation and Rating Limited (“Monitoring Agency”), in respect of the utilization of proceeds raised through Preferential Issue by the Company. The aforesaid Monitoring Agency Report has been reviewed by the Audit Committee and taken on record by the Board of Directors. Kindly take the above report on your records. Thanking You, Yours faithfully, For Nitco Limited Vivek Talwar Chairman & Managing Director DIN: 00043180 Encl.: As above Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in Monitoring Agency Report For NITCO Limited for the quarter ended June 30, 2026 Monitoring Agency Report Aug 14, 2026 NITCO Limited 3A Recondo Compound Sudam kalu Ahire Marg Glaxo Worli Colony Mumbai - 400030 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential issue of NITCO We write in our capacity of Monitoring Agency for the Preferential Issue of equity shares & convertible warrants for the amount aggregating to Rs.625.21 crore of the Company and refer to our duties cast under 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). 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 November 22, 2024. Request you to kindly take the same on records. Thanking you, For and on behalf of Infomerics Valuation and Rating Limited Manav Mahajan (Senior Director - Ratings) Manav.Mahajan@infomerics.com Report of the Monitoring Agency Name of the Issuer: NITCO Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Infomerics Valuation and Rating Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Nil Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects. For example, up to 10%, 10 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. * Range of Deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. 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 declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We further declare that this report provides true and fair view of the utilization of issue proceeds. Signature: Name of the Authorized Person/Signing Authority: Manav Mahajan Designation of Authorized person/Signing Authority: Senior Director - Ratings Seal of the Monitoring Agency: Date: August 14, 2026 1) Issuer Details: Name of the issuer: NITCO Limited Names of the promoters of the issuer: Mr. Vivek Prannath Talwar : Mrs. Rajeshwari Prannath Talwar Industry/sector to which it belongs: The Company continue in the business of manufacturing ceramic (floor/wall) tiles, processing of marble, outsourcing of vitrified tiles and development of real estates 2) Issue Details: Preferential issue Issue Period: Not Applicable Type of issue (public/rights): Preferential Issue Type of specified securities: Equity Shares & Convertible Warrants Grading: Not Applicable Issue size (Rs in Crores): Rs. 625.21 crores (Note No. 1) Note 1 The company initially offered a preferential issue of 4,44,71,000 equity shares to proposed allotees (non-promoters & Promoter) at Rs.92.25 per share and 2,34,10,000 share warrants to proposed allotees (promoter) at Rs.92.25 per warrant aggregating to Rs.626.20 crore. However, one of the proposed allotees of 1,08,000 equity shares did not avail the offer of preferential issue worth Rs.0.99 crore. Accordingly, the company finally allotted 4,43,63,000 equity shares and 2,34,10,000 share warrants to the applicants aggregating to Rs.625.21 crore. ^ Each warrant is convertible into one (1) equity share and the conversion can be exercised at any time within a period of 18 months from date of allotment of warrants, in one or more tranches, as the case maybe and on such other terms and conditions applicable. Option for conversion of warrants into equity shares will be available upon payment of full price of warrant before such exercise of option. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Particulars Reply Source of information / Comments of Monitoring Comments of certifications considered by Agency Board of Monitoring Agency for Directors preparation of report Whether all the utilization is as per disclosure in Yes Bank Statement, CA Certificate, There was no utilization of No Comments Offer Management Undertaking proceeds during the quarter Received Document? ended June 2026. Whether Shareholder approval is obtained in case NA Not Applicable NA No Comments of material deviations from expenditures Received disclosed in Offer Document? Whether means of finance for disclosed objects of There is no change Not applicable No No Comments the Issue has changed? in the means of Received finance for disclosed objects Any major deviation observed over the earlier No Not Applicable Not Applicable No Comments monitoring agency reports? Received Whether all Government / Statutory approvals Yes In-Principal approval from the No Comments No Comments related to the object(s) obtained? NSE & BSE Received Whether all arrangements pertaining to technical Not Applicable Not applicable Not Applicable No Comments assistance/collaboration in operation? Received Any favourable events improving object(s) No Not applicable Nil No Comments viability R [Showing first 8,000 characters — download PDF for full document]