Submission of Monitoring Agency Report in Respect of utilization of funds raised through Right issue by the Company for the quarter ended 30th June, 2026.

Regd.Office: Shop No. 3, Shanti Complex, Opp. Patel Petrol Pump, Amli, Dadra & Nagar Haveli 396230 Contact No. +91 93279 77729 Email : jayprabha@hotmail.com, Website : www.gujcotex.co Corporate Identity Number : L46695DN1996PLC000116 Date: 14/08/2026 BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai 400001 Sub.: Monitoring Agency Report for the Quarter Ended 30th June, 2026 Ref.: Scrip Code: 514386 (BSE), Symbol: GUJCOTEX (BSE) Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Monitoring Agency Report for the quarter ended 30th June, 2026, issued by Brickwork Ratings India Private Limited, Monitoring Agency, appointed by the Company, in respect of utilization of funds raised through Right Issue. Kindly take the same on record. Thanking you For Gujarat Cotex Limited Shaileshkumar Jayantkumar Parekh Managing Director (DIN: 01246270) Monitoring Agency Report for Gujarat Cotex Limited for the quarter ended June 30, 2026 No. BWR/2026-27/IPM/GCL/01 August 14, 2026 Chetankumar Shaileshkumar Parekh Chief Financial Officer Gujarat Cotex Limited. Shop No. 3, Shanti Complex, Opp. Patel Petrol Pump, Amli, Silvassa, Dadra & Nagar Haveli, India – 396230 Dear Sir, First Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Right Issue of Equity Shares issue of Gujarat Cotex Ltd (“the company”) Pursuant to Regulation (82) of the SEBI Issue of Capital and Disclosure Requirements Regulations, 2018 (SEBI ICDR Regulations) amended as on March 8, 2025, and Monitoring Agency Engagement Letter dated November 25, 2025, Brickwork Ratings (BWR) has prepared the First Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Right Issue of Equity Shares aggregating to Rs.42.73 Crore of the Company. 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 24, 2025. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Digitally signed by NI RAJ KUMAR NIRAJ KUMAR RATHI RA THI Date: 2026.08.14 17:45:16 +05'30' Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: Gujarat Cotex Limited. For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickworks Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: NA 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 also 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 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. Digitally signed by NIRAJ KUMAR NIRAJ KUMAR RATHI RATHI Date: 2026.08.14 17:44:43 +05'30' Signature: Name of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings 3 1) Issuer Details: Name of the issuer: Gujarat Cotex Ltd. Names of the promoter: Priyavanda Sudhir Parekh, Chetankumar Shaileshkumar Parekh, Shailendra Jayantkumar Parekh, Sonal Dharmesh Sheth, Ketan Parekh, Sarla Shailesh Parekh. Industry / sector to which it belongs: Textiles and Real Estate 2) Issue Details: Issue period: April 10, 2026, to May 08, 2026 Type of issue (public/ rights): Right Issue of Equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 42.73 Value as per Amount Total Number of Particulars Price (₹) Offer Document Received Securities (₹ Crore) (₹ Crore) Equity Shares-Right issue 8,54,64,000 5.00 42.73 40.34 Total 8,54,64,000 42.73 40.34 Note: The issue was undersubscribed, and the actual amount received was Rs 40,34,46,205, representing 94.41% of the total issue size. 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 Whether all utilization is as per Bank Statements, the disclosures in the Offer Yes Company’s letter, CA Nil Comments Document? certificate Whether shareholder approval has been obtained in case of Not No material deviations# from Nil Nil Applicable Comments expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No Nil Nil Comments has changed? Monitoring is Is there any major deviation Not being done No observed over the earlier Applicable Nil for the first Comments monitoring agency reports? time Whether all Government/statutory approvals No Yes Company’s letter Nil related to the object(s) have been Comments obtained? Whether all arrangements pertaining to technical Not No Nil Nil assistance/collaboration are in Applicable Comments operation? Are there any favourable events improving the viability of these No Company’s letter Nil Comments object(s)? Are there any unfavourable events affecting the viability of No Company’s letter Nil Comments the object(s)? Is there any other relevant information that may materially No No Not Applicable Nil affect the decision making of the Comments investors? Notes: CA certificate from Pawan Siddarth & Co. Chartered Accountant dated August 14, 2026 #Where material deviation may be defined to mean: (a) Deviation in the objects or purposes for which the funds have been raised (b) Deviation in the amount of funds utilised by more than 10% of the amount projected in the off [Showing first 8,000 characters — download PDF for full document]