Monitoring Agency Report for Q1-2026-27 - Preferential Issue Proceeds

August 14, 2026 Dept. of Corporate Services, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E) Dalal Street, Mumbai- 400001, Mumbai - 400 051, Maharashtra, India. Maharashtra, India. Scrip Code: 504341 Scrip Code: RELTD ISIN Code: INE206N01018 Dear Sir/Madam, Subject: Submission of Monitoring Agency report for Q1-FY2026-27 Pursuant to the provisions under Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 162A(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith report for Q1-FY2026-27, issued by India Ratings and Research Private Limited, Monitoring Agency, appointed to monitor the utilization of proceeds of preferential issue made by the Company. The aforesaid report is also being made available on the website of the Company at: www.ravindraenergy.com Kindly take the above information on record and disseminate the same for the information of the stakeholders. Thank you. Yours’ faithfully, FOR RAVINDRA ENERGY LIMITED Mr. Madhukar Shipurkar Company Secretary & Compliance Officer Membership No: A64947 Date: 24thJuly2026 Ravindra Energy Limited. B C 105,Havelock Road, Camp,Belagavi, Karnataka 590001. Subject: Monitoring Agency Report for the quarter ended 30thJune2026in relation to preferential issue. Dear Sir, Pursuant to Regulation 162A (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations,2018 09th September 2024, please find enclosedherewith the Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of preferential issue, for the quarter ended June30, 2026. Request you to kindly take the same on records. Thanking You, For and on behalf of India Ratings & Research Private Limited Name: Shrikant Dev Designation: Company Secretary IndiaRatings & Research Private Limited A Fitch Group Company Wockhardt Towers, Level 4, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel: +91 22 4000 1700 Fax: +91 22 4000 1701 www.indiaratings.co.in Report of the Monitoring Agency(MA) Name of the issuer: Ravindra EnergyLimited For quarter ended: 30thJune2026 Name of the Monitoring Agency: India Ratings & Research Private Limited (a) Deviation from the objects:No deviation from the objects. Based on the Management undertaking and as per the Statutory Auditor Certificate dated17thJuly 2026 issued by P. Ishwara and Bhat & Co., Chartered Accountants (FRN: 001156S) having UDIN 26019716LZDBLK8542* and other documents provided to us, no deviation from the objects has been observed. *The reference to the Statutory Auditor Certificate anywhere in the MA report refers to the said Certificate. (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 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 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 reviewedby the MA, and the MA takes no respons Signature: Name and designation of the Authorized Signatory: Shrikant Dev (Company Secretary) Date:24thJuly 2026. Page 1of 7 1) Issuer Details: Name of the issuer: Ravindra EnergyLimited Names of the promoters: Khandepar Investments Private Limited Mr. Narendra Madhusudan Murkumbi Mrs. Vidya Murkumbi Mrs. Supriya Shailesh Rojekar Industry/sector to which it belongs: Solar Projects, Sale of Electricity& Power. 2) Issue Details: Issue/offer Period*: 10thOctober 2024 to 16thOctober 2024 Type of issue (public/rights): Preferential allotment. Type of specified securities: 2,43,24,313Equity Shareson preferential basis @ Rs.74 per equity Shareswith facevalueofRe. 10each. IPO Grading, if any: Not Applicable Issue size: INR 180Crores 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments of certifications considered Comments of the Particulars Reply the Board of by Monitoring Agency for Monitoring Agency Directors preparation of report Management undertaking, Statutory Auditor Whether all utilization is as per Certificate, Notice to Kindly refer Note 1 the disclosures in the Offer Yes No Comments Shareholders for EGM along on page no.4 Document? with corrigendum, Relevant Bank Statements. Whether shareholder approval has been obtained in case of Management undertaking, material deviations from NA Statutory Auditor No Comments No Comments expenditures disclosed in the Certificate. Offer Document? Whether the means of finance Management undertaking, for the disclosed objects of the No Statutory Auditor No Comments No Comments issue has changed? Certificate. Is there any major deviation observed over the earlier No NA No Comments No Comments monitoring agency reports? Management undertaking, Whether all NA Statutory Auditor No Comments No Comments Government/Statutory certificate. Page 2of 7 Source of information / Comments of certifications considered Comments of the Particulars Reply the Board of by Monitoring Agency for Monitoring Agency Directors preparation of report approvals related to the object(s) have been obtained? Whether all arrangements Management undertaking, pertaining to technical NA Statutory Auditor No Comments No Comments assistance/collaboration are in certificate. operation? Are there any favorable events Management undertaking, improving the viability of these No Statutory Auditor No Comments No Comments object(s)? certificate. Are there any unfavorable Management undertaking, events affecting the viability of No Statutory Auditor No Comments No Comments the object(s)? certificate. Is there any other relevant Management undertaking, information that may materially No Statutory Auditor No Comments No Comments affect the decision making of certificate. the investors? 4) Details of object(s) to be monitored: i. Cost of object(s)- Source of information / Original Comments of the Board of Directors certifications cost considered by (as per the Monitoring Offer Revised Comments Reason Particulars of Agency for Document) Cost of the of Proposed firm Sr. preparation of (INR (INR Monitoring Cost financing arrangements No. Item Head report Crores) Crores) Agency revision option made Investment in Management Renewable Energy undertak [Showing first 8,000 characters — download PDF for full document]