Monitoring Agency Report under Regulation 32(6) of SEBI (LODR) Regulation, 2015 issued by Brickwork Ratings Limited for the Quarter ended June 30, 2026.

Candour Techtex Limited Regd Office: 108/109, T.V. Industrial Estate, 52, S.K-Ahire Marg, Worli, Mumbai-400030, Maharashtra, India Phone:022-24950328: Mobile no.: 9324802995 / 9324802991. Email: jrgroup@jrmehta.com:sales@cteil.com CIN: L25209MH1986PLC040119 Date: August 14, 2026 To, To, The Listing Manager, The Listing Manager, The BSE Limited, Listing Department, Phiroze Jeejeebhoy Towers, The Metropolitan Stock Exchange of India Limited, Dalal Street, Fort, Mumb- a400i00 1 Building A, Unit 205A, 2nd Floor, Piramal Agastya Corporate Park, L.B.S Road, Kurla West, Mumbai - 400070 Scrip Code: 522292 Scrip Id: CANDOUR MSEI Symbol: CANDOUR Sub: Monitoring Agency Report under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations”) for the Quarter ended June 30, 2026. Dear Sir/ Madam, Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is Monitoring Agency Report for the quarter ended June 30, 2026, issued by Brickwork Ratings India Private Limited, Monitoring Agency, appointed to monitor the utilisation of proceeds of the funds raised through preferential issue. The said report is available on the Company's website of the Company at https://www.cteil.com/ Request you to take the same on your records and oblige. Thanking You. _‘otirs faithfu For Candour Jayesh Ramniklal Mehta Managing Director DIN: 00193029 Second Monitoring Agency Report Candour Techtex Limited for the quarter ended June 30, 2026 No. BWR/2026-27/IPM/CTL/02 August 14, 2026 Mr. Jayesh Ramnik Lal Mehta Managing Director, Candour Techtex Limited 108/109 T.V Industrial Estate, 52 S.K Akhire Marg, Worli, Mumbai, Maharashtra – 400030 Dear Sir, Second Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential issue of Equity Shares and convertible warrants of Candour Techtex Limited (“the Company”) Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated October 30, 2026, Brickwork Ratings (BWR) has prepared the Second Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds from the funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Preferential issue of Equity Shares and convertible warrants aggregating to Rs. 165.34 Crore of the Company. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per Monitoring Agency Agreement dated February 18, 2026. Request you to kindly take the same on records. Thanking you, Yours Faithfully, NIRAJ KUMAR Digitally signed by NIRAJ KUMAR RATHI RATHI Date: 2026.08.14 15:02:53 +05'30' Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: Candour Techtex 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. Digitally signed by NIRAJ KUMAR RATHI NIRAJ KUMAR RATHI Date: 2026.08.14 15:03:12 +05'30' 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: Candour Techtex Limited Names of the promoter: Mr. Jayesh R. Mehta, Ms. Amita Jayesh Mehta, Ms. Prerna Jayesh Mehta and Ms. Chandni Jayesh Mehta Industry / sector to which it belongs: Technical Textiles 2) Issue Details: Issue period: February 02,2026 – February 16, 2026 Type of issue (public/ rights): Preferential issue Type of specified securities: Equity Shares and convertible warrants IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 165.34 Value as per Total Number Total Amount Total Number Price offer Particulars of Securities Received of Securities (₹) Document Subscribed (₹ Crore) (₹ Crore) Equity Shares 67,86,400 125 84.83 52,54,700 65.68 Convertible Warrants 90,72,000 125 113.40 79,72,600 28.74 Total 1,58,58,400 198.23 1,32,27,300 94.42 Note: 1. Due to undersubscription, the company received Rs 65.68 crore instead of Rs. 84.83 crore, through preferential issuance of equity shares. 2. Due to undersubscription 79,72,600 Fully Convertible Equity Warrants at an issue price of Rs. 125/-eachan amount aggregating to Rs. 24.91 crore, representing 25% of the total warrant issue proceeds of Rs. 99.66 crore was received. 3. As of June 30, 2026, the Company received Rs. 3.83 crore, representing warrant receipts more than 25% on allotment. 4. As of June 30, 2026, the Company received Rs. 94.42 crore out of the total issue size of Rs. 165.34 crore. 5. Each warrant is convertible into, or exchangeable for, one (1) equity share and the conversion can be carried out 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 as applicable. 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 Bank Statements, Whether all utilization is as per Invoices, the disclosures in the Offer Yes [Showing first 8,000 characters — download PDF for full document]