Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report for the quarter ended March 31, 2026 in respect of utilization of funds raised through Preferential Issue of Equity Shares to Non-Promoters, issued by CRISIL Ratings Limited, duly reviewed, approved and taken on record by the Audit Committee and the Board of Directors of the Company in their meeting held on May 21, 2026. This is for your kind information and record.

Man Industries (India) Limited has submitted its quarterly monitoring agency report for the preferential issue of equity shares to non-promoters. The issue, completed in July 2025, raised Rs. 2,549,997,624 (reduced from original Rs. 2,599,997,616 due to undersubscription). As of March 31, 2026, Rs. 1,952,675,735 (76.6%) has been utilized - Rs. 702.75 million for business expansion, Rs. 1,039.93 million for working capital, and Rs. 210 million for general corporate purposes. About Rs. 597.32 million remains unutilized, parked in fixed deposits with Indian Overseas Bank. The monitoring agency confirms all utilization is as per the offer document with no material deviations. However, a SEBI interim order dated September 29, 2025 barred the company and 3 senior executives from securities markets for 2 years with Rs. 25 lakh fine each, though SAT granted an interim stay pending appeal.