Monitoring Agency Report

14th August, 2026 To To National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, 21st Floor, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400001 Mumbai –400051 NSE Scrip Symbol: RATNAVEER BSE Scrip Code: 543978 Kind Attd.: Listing Department. Kind Attn.: Corporate Relationship Department. Dear Sir/Madam, Sub: Monitoring Agency Report for the Quarter ended 30th June, 2026 Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report dated 14th August, 2026 issued by Crisil Ratings Limited (Monitoring Agency), for the quarter ended 30th June, 2026 in respect of utilization of proceeds of the Qualified Institutional Placement of the Company. This disclosure will also be hosted on the Company's website viz. www.ratnaveer.com Kindly take the same on record. Yours faithfully, For Ratnaveer Precision Engineering Limited Vijay Sanghavi Managing Director DIN: 0049592 Encl.: As above Monitoring Agency Report Ratnaveer Precision Engineering Limited for the quarter ended June 30, 2026 CRL/MAR/RVSLPPLTD/2026-27/1883 August 14, 2026 Ratnaveer Precision Engineering Limited Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara – 391 775, Gujarat, India Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Qualified Institutional Placement (“QIP”) of Ratnaveer Precision Engineering Limited (“the Company”) Pursuant to Regulation 173A of Securities Exchange Board of India (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated December 12, 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 QIP 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: Ratnaveer Precision Engineering 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: Ratnaveer Precision Engineering Limited Names of the promoter: Vijay Ramanlal Sanghavi Industry/sector to which it belongs: Iron & Steel Products 2) Issue Details Issue Period: December 04, 2025 Type of issue: Qualified Institutional Placement (QIP) Type of specified securities: Equity Shares QIP Grading, if any: NA Issue size: Rs. 1,855.00 million (Net proceeds of Rs. 1,823.11 million*) *Crisil Ratings shall be monitoring the Gross proceeds. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ Comments of Comments certifications the of the Particulars Reply considered by Monitoring Board of Monitoring Agency for Agency Directors preparation of report Statutory Auditor Certificate^, Management No utilization undertaking, of proceeds Whether all utilization is as per the disclosures Placement document No NA during the in the Offer Document? dated December 04, Comments reported 2025 (hereinafter quarter referred as “Offer Document”), Bank Statements Whether shareholder approval has been Statutory Auditor No obtained in case of material deviations from NA No Comments Certificate^, Comments expenditures disclosed in the Offer Document? Management undertaking Whether the means of finance for the disclosed No No No Comments objects of the issue has changed? Comments Source of information/ Comments of Comments certifications the of the Particulars Reply considered by Monitoring Board of Monitoring Agency for Agency Directors preparation of report Is there any major deviation observed over the No NA No Comments earlier monitoring agency reports? Comments Whether all Government/statutory approvals No NA No Comments related to the object(s) have been obtained? Statutory Auditor Comments Certificate^, 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 the No No No Comments 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 10, 2026, issued by M/s Pankaj R. Shah & Associates, Chartered Accountants (Firm Registration Number: 107361W), Statutory Auditors of the Company. 4) Details of object(s) to be monitored: i. Cost of the object(s): Comments of the Board of Directors Source of Original information/ cost Revised certification (as per the Particulars Sr. Cost Comment of Item considered Offer Reason Proposed of firm No. (Rs in the MA Head by MA for Document) of Cost financing arrange- million) preparation (Rs in revision option ments of report million) made Funding working capital 1 1,500.00 NA No revision No Comments requirements of our Company Statutory General Auditor 2 corporate Certificate^, 323.11 NA No revision No Comments purposes$ Management undertaking, Placement Document Total 1,823.11 - - - 3 Issue expenses 31.89 NA No revision No Comments Total - 1,855.00 - - - ^ Certificate dated August 10, 2026, issued by M/s Pankaj R. Shah & Associates, Chartered Accountants (Firm Registratio [Showing first 8,000 characters — download PDF for full document]