Monitoring Agency Report for the quarter ended June 30, 2026

August 14, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 535136 Symbol: NIBE Dear Sir/Madam, Subject: Report of Monitoring Agency for the quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the report received from Crisil Ratings Limited, a Monitoring Agency appointed towards utilization of proceeds of Preferential Issue for the quarter ended June 30, 2026. Kindly take this declaration on record. Thanking you. Thanking you, Yours faithfully, For Nibe Limited Komal Bhagat Company Secretary & Compliance Officer Membership No.: A49751 Encl: As above Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501| Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813 Monitoring Agency Report Nibe Limited for the quarter ended June 30, 2026 CRL/MAR/KAFABL/2026-27/1975 August 14, 2026 Nibe Limited Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India (410501) Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue (“PI”) of Nibe Limited (“the Company”) Pursuant to Regulation 162A of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated December 24, 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 PI 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: Nibe Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable (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 Statutory 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: Nibe Limited Names of the promoter: Mr. Nibe Ganesh Ramesh Mrs. Manjusha Ganesh Nibe Industry/sector to which it belongs: Aerospace & Defense 2) Issue Details Issue Period: February 20, 2026, to March 06, 2026 Type of issue (public/rights): Preferential Issue (PI) Type of specified securities: Equity shares and Convertible warrants IPO Grading, if any: NA Issue size: Rs 251.85 crore* *Crisil Ratings shall be monitoring the Issue proceeds amount. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments Comments of the considered by of the Particulars Reply Monitoring Monitoring Agency Board of Agency for preparation of Directors report Management Proceeds were undertaking, Statutory utilized towards Auditor’s Certificate^, funding capital Whether all utilization is as per the Notice to Shareholders expenditure No disclosures in the Offer Document? (hereinafter referred as requirements and Comments “Offer document”) GCP in line with dated January 22, 2026, Notice to Bank Statements Shareholders Whether shareholder approval has been obtained in case of material deviations No NA No Comments from expenditures disclosed in the Offer Comments Document? Whether the means of finance for the disclosed objects of the issue has No No Comments Comments changed? Source of information/ certifications Comments Comments of the considered by of the Particulars Reply Monitoring Monitoring Agency Board of Agency for preparation of Directors report Is there any major deviation observed over the earlier monitoring agency No No Comments Management Comments reports? Undertaking, Statutory Whether all Government/statutory Auditor’s Certificate No approvals related to the object(s) have NA No Comments Comments been obtained? Whether all arrangements pertaining to technical assistance/collaboration are in Yes No Comments Comments operation? Are there any favorable events No No No Comments improving the viability of these object(s)? Comments Are there any unfavorable events No No No Comments affecting the viability of the object(s)? Comments Is there any other relevant information that may materially affect the decision No No Comments Comments making of the investors? NA represents Not Applicable ^ Certificate dated August 12, 2026, issued by M/s Kailash Chand Jain and Co, Chartered Accountants (Firm Registration Number: 112318W), Statutory Auditors of the Company. Details of object(s) to be monitored: i. Cost of the object(s): Source of Comments of the Board of information/ Original cost Directors Comment certification (as per the Particular Sr. Revised Cost of the Item Head considered by Offer Reason Proposed s of firm No. (Rs in crore) Monitoring MA for Document) of Cost financing arrange- Agency preparation of (Rs in crore) revision option ments report made Funding Capital Expenditure requirements for development, 1 setting up of 126.85 NA No revision No Comments new facilities including construction and civil works. Management undertaking, Repayment of Statutory 2 existing 75.00 NA No revision No Comments Auditor’s borrowing Certificate^, Notice to Augment Shareholders Working Capital 3 25.00 NA No revision No Comments needs of the Company General 4 Corporate 25.00 NA No revision No Comments Purpose Total - 251.85 - - - ^ Certificate dated August 12, 2026, issued by M/s Kailash Chand Jain and Co, Chartered Accountants (Firm Registration Number: 112318W), Statutory Auditors of the Company. #The amount utilised for [Showing first 8,000 characters — download PDF for full document]