The Company has submitted monitoring agency report for the quarter ended June 30, 2026.

Dated: August 14, 2026 The Secretary, Listing Department The Secretary, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Kurla Dalal Street, Mumbai – 400 001 Complex, Bandra Kurla (E), Mumbai – 400 051 Scrip Code: 544405 Symbol: BELRISE ISIN: INE894V01022 ISIN: INE894V01022 Sub: Monitoring Agency Report for the quarter ended June 30, 2026 pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41(4) of the Securities and Exchange Board of India (Initial Capital and Disclosure Requirements) Regulations, 2018 Dear Sir/ Madam, This is to inform you that pursuant to the Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41(4) of the Securities and Exchange Board of India (Initial Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the, Monitoring Agency Report issued by CRISIL Ratings Limited, Monitoring Agency, for the quarter ended June 30, 2026 in respect of utilization of proceeds of the Initial Public Offer (“IPO”) of the Company. This said report is also be made available on the Company’s website under the tab ‘Investor Relations’ at https://belriseindustries.com You are requested to take the above on record. Thanking you, Yours faithfully, For Belrise Industries Limited Siddhesh Mandke Company Secretary and Compliance Officer Membership No. A20101 Encl: As above Monitoring Agency Report Belrise Industries Limited for the quarter ended June 30, 2026 CRL/MAR/ BDVENL/2026- 27/1937 August 14, 2026 Belrise Industries Limited Plot No D-39 MIDC Area Waluj Aurangabad 431133, Maharashtra, India Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public offer (“IPO”) of Belrise Industries Limited (“the Company”) Pursuant to Regulation 41 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated May 15, 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 IPO 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: Belrise Industries 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 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: 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: Belrise Industries Limited Names of the promoter: a. Mr Shrikant S Badve b. Mrs. Supriya Shrikant Badve c. Mr. Sumedh Shrikant Badve Industry/sector to which it belongs: Auto Components & Equipments 2) Issue Details Issue Period: Wednesday, May 21, 2025, to Friday, May 23, 2025 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: Not applicable Issue size: Rs 21,500 million* *Crisil Ratings shall be monitoring the gross proceeds amount. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ Comments certifications considered Comments of the Particulars Reply of the Board by Monitoring Agency Monitoring Agency of Directors for preparation of report Peer reviewed independent chartered accountant Certificate^, Proceeds were Management utilized towards Whether all utilization is as per the undertaking, Prospectus No Yes general corporate disclosures in the Offer Document? dated comments purposes and issue May 23, 2025 related expenses (hereinafter referred as “Offer document”), Bank Statements Peer reviewed Whether shareholder approval has been independent chartered obtained in case of material deviations No NA accountant Certificate^, No comments from expenditures disclosed in the Offer comments Management Document? undertaking Source of information/ Comments certifications considered Comments of the Particulars Reply of the Board by Monitoring Agency Monitoring Agency of Directors for preparation of report Whether the means of finance for the disclosed objects of the issue has No No comments comments changed? Is there any major deviation observed over the earlier monitoring agency No No comments comments reports? Whether all Government/statutory approvals related to the object(s) have NA No comments comments been obtained? Peer reviewed Whether all arrangements pertaining to independent chartered No technical assistance/collaboration are in NA No comments accountant Certificate^, comments operation? Management undertaking Are there any favorable events improving the viability of these No No comments comments object(s)? 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 July 29, 2026, issued by M/s Torvi Pethe & Company, Chartered Accountants (Firm Registration Number: 120456W), Peer-reviewed Independent Chartered Accountant. 4) Details of object(s) to be monitored: i. Cost of the object(s): Source of Original Comments of the Board of Directors information/ cost Revised Comments Particulars certification (as per the Sr. Cost of the Reason of Proposed of firm Item considered by Offer No. (Rs in Monitorin Cost financing arrange- Head MA for Document) million) g agency revision option ments preparation of (Rs in made report million) Repayment/pr [Showing first 8,000 characters — download PDF for full document]