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

Reliance Infrastructure Limited CIN : L75100MH1929PLC001530 Tel: +91 22 4303 1000 Regd. Office: www.rinfra.com Reliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001 August 14, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Complex, Mumbai -400 001 Bandra (East), Mumbai 400 051 BSE Scrip Code: 500390 NSE Scrip Symbol: RELINFRA Dear Sir(s), Sub: Report of the Monitoring Agency for the quarter ended June 30, 2026 Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we enclose herewith the Report dated August 14, 2026 of Infomerics Valuation and Rating Limited, the Monitoring Agency in respect of utilization of proceeds of the Preferential Issue of Warrants by the Company during the quarter ended June 30, 2026 that is duly reviewed by the Audit Committee and Board of Directors of the Company. Kindly take the same on record. Yours faithfully, For Reliance Infrastructure Limited Paresh Rathod Company Secretary Encl.: As above Monitoring Agency Report for Reliance Infrastructure Limited for the quarter ended June 30, 2026 Monitoring Agency Report Aug 14, 2026 Reliance Infrastructure Limited Reliance Centre Second Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai – 400001 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential issue of Reliance Infrastructure Limited (“The Company”) We write in our capacity of Monitoring Agency for the Preferential Issue of the convertible warrants for the amount aggregating to Rs.3,014.40 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 December 10, 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: Reliance Infrastructure 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 Monitoring Agency (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: Aug 14, 2026 1) Issuer Details: Name of the issuer: Reliance Infrastructure Limited Names of the promoters of the issuer: Shri Anil D. Ambani Industry/sector to which it belongs: Infrastructure. 2) Issue Details: Preferential Issue Issue Period: Oct 25, 2024 - November 08, 2024 Type of issue (public/rights): Preferential Issue Type of specified securities: Convertible Warrants to equity shares Grading: NA Issue size (Rs in Crores): Rs.3,014.40 crores (Note No. 1) Note 1 Particulars Remarks Total warrants issued and subscribed as part of preferential issue 12,56,00,000 Total proceeds proposed to be received under preferential issue (in Rs. crore) # 3,014.40 Total Proceeds Received till year ended March 2026 (A) 978.60 Total Proceeds Utilised till year ended March, 2026 978.60 Total proceeds un-utilised till year ended March 2026 Nil Total Proceeds Received in quarter June 2026 (B) Nil Total Proceeds Utilised in quarter ended June 2026 Nil Total proceeds un-utilised at the quarter ended June 2026 Nil Details of expenses incurred related to Preferential Issue* (in Rs. crore) Nil Net proceeds available for utilisation (in Rs. crore) 978.60 * The offer comprises of 12,56,00,000 warrants of the company convertible into equal number of equity shares of face value of Rs.10 at an issue price of Rs.240.00 (including a premium of Rs. 230 per equity share) per equity warrant as determined on the relevant date (for the purpose of calculating the price of equity warrants convertible into equal number of equities shares to be issued) in accordance with the provisions of Chapter V of the SEBI ICDR Regulations aggregating to Rs. 3014.40 Crore for cash consideration by way of preferential allotment to Specified investor/Identified investors which also includes promoters and members of promoter group of the company. The Company has allotted 1,25,00,000 equity shares to Risee Infinity Private Limited a Promoter company on June 18, 2025, upon exercise of rights attached to the warrants, for a total consideration of ₹300.00 crore. During the quarter ended June 30, 2026, 11,31,00,000 outstanding warrants issued by the Company lapsed on account of non-conversion within the prescribed period of 18 months. Consequently, the amount of Rs. 678.60 Crore received against such warrants has been forfeited. Although the original preferential issue size was ₹3,014.40 crore, only ₹978.60 crore was ultimately received pursuant to warrant subscription and subsequent conversion exercise. Outstanding warrants not exercised within the stipulated period lapsed and the corresponding balance consideration was not received. Accordingly, monitoring of utilization pertains to the proceeds actually received 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, the utilization Bank Statement, CA Certi [Showing first 8,000 characters — download PDF for full document]