Attached the Monitoring Agent Report for the quarter ended 30.06.2026

14-08-2026 BSE Limited Floor 25, P J Towers, Dalal Street, Mumbai – 400 001. BSE Scrip Code: 531381 Dear Sirs, Sub: Statement of deviations or variations under Regulation 32 (1) of SEBI (LODR) Regulations, 2015. In terms of the Regulation 32(1) of SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that during the quarter ended June 30, 2026, there was no deviation or variation in the utilization of proceeds from the Preferential issue of Equity Shares and Convertible Share Warrants from the objects as stated in the explanatory statement to the Notice of Postal Ballot dated October 08, 2024 and the offer document. A statement confirming that there is no deviation or variation in the utilization of proceeds from the Preferential issue of Equity Shares and Convertible Share Warrants, duly reviewed by the Audit Committee and Board of Directors in their meeting held on August 14, 2026 is enclosed herewith as Annexure A. This disclosure is also available on the Company's website www.arihantspaces.com We request you to take the said information in your record. Thanking you. For Arihant Foundations & Housing Limited Kamal Lunawath Managing Director DIN: 00087324 Annexure A STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE; PREFERENTIAL ISSUE, - QUALIFIED INSTITUTIONS PLACEMENT ETC. Statement of deviation/ variation in in utilisation of funds raised: Name of listed entity Arihant Foundations & Housing Limited Mode of fund raising Preferential Issue of Equity Shares & Convertible Warrants Date of raising funds 16-11-2024 (Date of Allotment) Amount raised (in crs) Rs. 108.60 cr (The Board of Directors and Shareholders of the Company had approved the preferential issue of 13,65,624 Equity Shares to 3 allottees (non-promoters) at Rs. 480 per equity share and 8,96,873 Share Warrants to 9 allottees at Rs. 480 per Share Warrant, aggregating to Rs. 108.60 cr. The Company received 100% consideration amounting to Rs. 65.55 cr against 13,65,624 equity shares of INR 10/- each fully paid, and in the first tranche 25% consideration amounting to Rs. 10.76 cr against 8,96,873 Share Warrants convertible into equity shares of INR 10/- each. The balance 75% consideration of Rs. 32.29 cr against the said Share Warrants has since been received, and accordingly the entire consideration of Rs. 108.60 cr stands received and credited to the Preferential Issue account as on June 30, 2026) Report filed for quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable ICRA Limited Is there a Deviation / Variation in use of No funds raised If yes, whether the same is pursuant to N. A change in terms of a N.A contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval N. A Explanation for the deviation/ variation N. A Comments of the audit committee after N. A review Comments of the auditors, if any N. A Objects for which funds have been raised The proceeds of the issuance were raised and where there has been a deviation/ and utilized for the purposes as stated in variation, in the following table: the explanatory statement to the Notice of Postal Ballot dated October 08, 2024 and the offer document, and there has been no deviation/variation. Original Modified Original Modified Funds Amount of Remarks, Object Allocation Allocation Utilised deviation/variation If any (Rs.in for the quarter crs) according to applicable object (in Rs. Crore and in %) NA NA NA NA NA NA NA Deviation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. Notes:  As per the Offer Document, the Company received 100% of Rs. 65.55 Cr against the preferential issue of 13,65,624 Equity Shares and, in the first tranche, 25% (Rs. 10.76 Cr) against 8,96,873 Convertible Share Warrants. The balance 75% consideration of Rs. 32.29 Cr against the said Warrants has since been received. Accordingly, the total amount received and credited to the Preferential Issue account stood at Rs. 108.60 Cr as on June 30, 2026, of which Rs. 84.87 Cr has been utilized for the purposes stated in the offer document.  As on June 30, 2026, the unutilized amount of Rs. 23.73 Cr has been deployed in a fixed deposit with ICICI Bank (Rs. 20.00 Cr) and is held as a balance in the Preferential Issue account with ICICI Bank (Rs. 3.88 Cr, inclusive of interest income of Rs. 0.15 Cr earned on the fixed deposit).  The entire proceeds of the preferential issue, aggregating to Rs. 108.60 Cr, have been received as on June 30, 2026; there is no consideration receivable against the Share Warrants as on that date. June 2026 MONITORING AGENCY REPORT Name of the Issuer: Arihant Foundations & Housing Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: ICRA Limited (a) Deviation from the objects of the issue: No deviation - the utilization of the issuance proceeds is in line with the objects of the issue. (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: Mr. Suprio Banerjee Vice President Analyst: Arshi Naz Quality Analyst: Dhwani Vinchhi Sensitivity Label : Public June 2026 1. Issuer Details Name of the Issuer: Arihant Foundations & Housing Limited (AFHL) Name(s) of the promoters: Promoters Kamal Lunawath Vimal Lunawath Madhu Lunawath Lunawath Snehalatha Kavita Lunawath Preethi Lunawath Esha Lunawath Piyush J Bhatt Meghna Lunawath Paresh Jagdish Bhatt Narendra Kumar Lunawath Source: BSE.com Industry/ sector to which it belongs: - Industry - Realty - Basic Industry - Residential, Commercial Projects 2. Issue Details Issue Period: Opening date - November 09, 2024 Closing date - November 15, 2024 Type of Issue: Preferential Allotment Type of specified securities: Equity shares & Warrants IPO [Showing first 8,000 characters — download PDF for full document]