Monitoring Agency report for the quarter ended June 30, 2026

August 14, 2026 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai 400001 Mumbai - 400051 Scrip: 543490 Symbol: GMRP&UI Dear Sir/Madam, Sub: Monitoring Agency Report for the quarter ended on June 30, 2026. Ref: Funds raised by way of issuance of equity shares and Convertible Warrants on Preferential basis. Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 162A(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Monitoring Agency Report for the quarter ended on June 30, 2026, issued by CARE Ratings Limited, duly reviewed by the Audit Committee and Board of Directors of the Company is enclosed herewith. Please take the same on the record. Thanking you, for GMR Power and Urban Infra Limited Vimal Prakash Company Secretary & Compliance Officer Encl: As above GMR Power & Urban Infra Limited Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037 Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India CIN L45400HR2019PLC125712 T +91 124 6637750, E GPUIL.CS@gmrgroup.in W www.gmrpui.com CareEdge RATINGS No. CARE/NRO/GEN/2026-27 /1116 The Board of Directors GMR Power and Urban Infra Limited Unit No. 12, 18th Floor Tower A, Building No. 5, DLF Cyber City, DLF Phase Ill Gurgaon, Haryana 122002 08/14/2026 Dear Sir/Ma'am, Monitoring Agency Report for the quarter ended 06/30/2026 -in relation to the Preferential Issue of GMR Power and Urban Infra Limited ("the Company") We write in our capacity of Monitoring Agency for the Preferential Issue for the amount aggregating to Rs. 1200 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. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended 06/30/2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 12/17/2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Shailendra Singh Baghel Associate Director Shailendra.Baghel@careedge.in CARE Ratings Limited 9th floor, C-001/A 2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Road, Off Eastern Express Highway, Sion (East), Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai -400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in CareEdge RATINGS Report of the Monitoring Agency Name of the issuer: GMR Power and Urban Infra Limited Forquarterended:06/30/2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (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 whdbul:!ver. Nothing mentioned in this report is intended to or should be construed J5 cre.iting 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 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 rrsponsibility for such comments of the issuer's Management/Board. -•t,••-.. - ·- · Name and designation of the Authorized Signatory: Shailendra Singh Baghel Designation of Authorized person/Signing Authority: Associate Director CARE Ratings Limited 9th floor, C-001/A 2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Naida, Road, Off Eastern Express Highway, Sion (East), Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai -400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in Care:'n. ... RATINGS 1) Issuer Details: Name of the issuer : GMR Power and Urban Infra Limited Name of the promoter GMR Enterprises Private Limited; Mr. G. M. Rao Industry/sector to which it belongs : Power Generation 2) Issue Details Issue Period : 01/27/2026 to 01/27/2026 Type of issue (public/rights) : Preferential Issue Type of specified securities : Equity Shares and Convertible Warrants IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 1200.00 crore [*Out of Rs. 1200.00 crore issue size, the company has received Rs. 900.00 crore as on June 30, 2026] 3} Details of the arrangement made to ensure the monitoring of issue proceeds: Comments of the Source of Information / certifications considered Comments of the Particulars Reply Board of by Monltorln1 Agency for preparation of report Monitoring Agency Directors The entire proceeds from Preferential Whether all utilization is as per the disclosures in the CA Certificate*, Management Certificate and Bank Yes issue received till June 30, 2026, has No Comments Offer Document? Statements been utilised. Whether shareholder approval has been obtained in case of material deviations# from expenditures Not applicable CA Certificate and Management Certificate Not applicable No Comments disclosed in the Offer Document? Whether the means of finance for the disclosed objects No CA Certificate and Management Certificate No such changes No Comments of the issue have changed? Is there any major deviation observed over the earlier CA Certificate, Management Certificate and Bank No, there are no deviations observed No No Comments monitoring agency reports? Statements from last monitoring agency report. Whether all Government/statutory approvals related to Not applicable CA Certificate and Management Certificate Not applicable No Comments the object(s) have been obtained? CARE Ratings Limited 9th floor, C-001/A 2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Road, Off Eastern Express Highway, Sion (East), Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai -400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in Care .. ~----= RATINGS Comments of the Source of Information / certlflcatlons constdered Comments of the Partlculan Reply Board of by Monltorln1 Asency for preparation of report Monitoring Agency . Directors Whether all arrangements pertaining to technical Not applicable CA Certificate and Management Certificate Not applicable No Comments assistan [Showing first 8,000 characters — download PDF for full document]