Monitoring Agency Report for the Quarter ended on June 30, 2025

Netweb Technologies has submitted the final Monitoring Agency Report from Crisil Ratings for the quarter ended June 30, 2025, confirming that all Rs 1,940.98 million of net IPO proceeds have been fully utilized. The IPO, held in July 2023, had a total issue size of Rs 6,310 million (Rs 2,060 million fresh issue plus Rs 4,250 million offer for sale). All four stated objects — civil construction of SMT line (Rs 73.12 million), machinery for SMT line (Rs 136.60 million), long-term working capital (Rs 1,280.22 million), and repayment of borrowings (Rs 225 million) — are fully deployed. The General Corporate Purposes (GCP) allocation increased to Rs 226.04 million from an original Rs 112.16 million, after Rs 113.14 million was reallocated from the capital expenditure objects via a March 24, 2025 board resolution, and another Rs 0.74 million was added due to lower-than-estimated issue expenses. GCP funds were used towards working capital for raw material purchases. There are no deviations from the stated objects, no delays in implementation, and the balance in the monitoring account stands at nil, making this the final monitoring report for the IPO.