Capital Trust Ltd. — Capital/Financing Update 2026

Feb 14, 2026

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Feb 14, 2026

The National Stock Exchange of India Limited Exchange Plaza, C-I, Block G Bandra-Kurla Complex Bandra (E), Mumbai - 400051 (SymbolCAPTRUST)

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001 (Scrip Code-511505)

Sub.: Monitoring Agency Report for the quarter ended Dec 31, 2025

Ref: Regulation 32(6) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 and Regulation 82 (4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Dear Sir/Madam,

Pursuant to the provisions of Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 82(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time, please find enclosed herewith the Monitoring Agency Report for the quarter ended December 31,2025, issued by M/s. Brickworks Rating India Pvt Ltd Limited, Monitoring Agency, appointed to monitor the utilization of proceeds of the Rights Issue of the Company.

This disclosure will also be hosted on the Company's website at www.capitaltrust.in.

Kindly acknowledge the receipt and take note of the same.

Thanking you,

Yours faithfully, For Capital Trust Limited

TANYA Digitally signed by TANYA SETHI SETHI Date: 2026.02.14 19:01:06 +05'30' Tanya Sethi Company Secretary Email id : cs@capitaltrust.in

Capital Trust Limited Registered Office: 205 Centrum Mall, Sultanpur, M G Road, New Delhi-110030 Phone: 9716844571 Email: info@capitaltrust.in Web: www.capitaltrust.in

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First and Final Monitoring Agency Report for Capital Trust Limited for the quarter ended December 31, 2025

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No. BWR/2025-26/IPM/CTL/01 February 13, 2026

To,

Mr. Vinod Raina, Chief Financial Officer Capital Trust Limited 205, Centrum Mall, Sultanpur, MG Road, New Delhi - 110030

Dear Sir,

First and Final Monitoring Agency Report for the quarter ended December 31, 2025 - in relation to the Right Issue of Equity Shares of Capital Trust Limited (“the Company”)

Pursuant to Regulation 82 of SEBI Issue of Capital and Disclosure Requirements Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated September 18, 2025, Brickwork Ratings (BWR) has prepared the First and Final Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended December 31, 2025.

The funds raised by the Company were through Right Issue of Equity Shares aggregating to Rs. 23.81 Crore of the Company.

In this connection, we are enclosing the Monitoring Agency Report for the quarter ended December 31, 2025, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated September 18, 2025.

Request you to kindly take the same on records.

Thanking you,

Yours Faithfully,

NIRAJ Digitally signed by NIRAJ KUMAR KUMAR RATHI Date: 2026.02.13 RATHI 16:43:15 +05'30'

Mr. Niraj Kumar Rathi

Senior Director, Ratings - Brickwork Ratings

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Report of the Monitoring Agency (MA)

Name of the issuer: Capital Trust Limited

For quarter ended: December 31, 2025

Name of the Monitoring Agency: Brickwork Ratings India Private Limited

• (a) Deviation from the objects: No

• (b) Range of Deviation: Not Applicable

Declaration:

We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair 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.

We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and 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.

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 a 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 after 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.

NIRAJ Digitally signed by NIRAJ KUMAR RATHI KUMAR Date: 2026.02.13 RATHI 16:43:35 +05'30'

Signature:

Name of the Authorized Signatory: Mr. Niraj Kumar Rathi

Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings

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1) Issuer Details:

Name of the issuer: Capital Trust Limited

Names of the promoters: Mr. Yogen Khosla and M/S Moonlight Equity

Private Limited

Industry / sector to which it belongs: NBFC

2) Issue Details:

Issue period: October 20, 2025, to November 11, 2025

Type of issue (public/ rights): Right issue of Equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 23.81

Particulars	Total Number of Securities	Price (₹)	Value as per Offer Document (₹ Crore)	Amount Received (₹ Crore)
Equity Shares-Right Issue	1,70,09,702	14	23.81	23.81
Total	1,70,09,702	14	23.81	23.81

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3) Details of the arrangement made to ensure the monitoring of issue proceeds:

Particulars	Reply	Source of information / certifcations considered by Monitoring Agency for preparation of report	Comments of Monitoring Agency	Comments of Board of Directors
Whether all utilization is as per the disclosures in the Ofer Document?	Yes	Bank Statements, Invoices, Company’s Letter, CA Certifcate, PAS Certifcate	Nil	Nil
Whether shareholder approval has been obtained in case of material deviations#from expenditures disclosed in the Ofer Document?	Not Applicable	Nil	Nil	Nil
Whether the means of fnance for the disclosed objects of the issue has changed?	No	Nil	Nil	Nil
Is there any major deviation observed over the earlier monitoring agency reports?	Not Applicable	Nil	Monitoring is being done for the frst time	Nil
Whether all Government/statutory approvals related to the object(s) have been obtained?	Yes	Company’s letter	Nil	Nil
Whether all arrangements pertaining to technical assistance/collaboration are in operation?	Not Applicable	Nil	Nil	Nil
Are there any favourable events improving the viability of these object(s)?	No	Company’s letter	Nil	Nil
Are there any unfavourable events afecting the viability of the object(s)?	No	Company’s letter	Nil	Nil
Is there any other relevant information that may materially afect the decision making of the investors?	No	Not Applicable	Nil	Nil

Note: CA certificate by D P Bhardwaj & Associates Chartered Accountants FRN no. 021878C

#Where material deviation may be defined to mean:

(a) Deviation in the objects or purposes for which the funds have been raised

(b) Deviation in the amount of funds utilised by more than 10% of the amount projected in the offer documents.

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4) Details of object(s) to be monitored:

i. Cost of object(s):

Sr. No.	Item Head	Source of information / certifcations considered by Monitoring Agency for preparation of report	Original Cost (as per the Ofer Document) (₹ Crore)	Revised Cost (₹ Crore)	Comments of the Monitoring Agency	Comments of the Board of Directors	Comments of the Board of Directors	Comments of the Board of Directors
						Reason of cost revision	Proposed fnancing option	Particulars of frm arrangements made
1.	Adjustment of unsecured loans of the Promoters and group Company against the Entitlement of the Promoters	Bank Statements, Company Letter, CA Certifcate, PAS Certifcate	10.00	No	Nil	Nil	Nil	Nil
2	Augmenting capital base to meet future business requirements of Company towards onward lending	Bank Statements, Company Letter, CA Certifcate	6.85	No	Nil	Nil	Nil	Nil
3.	General corporate purpose	Bank Statements, Company Letter, CA Certifcate	5.21	No	Nil	Nil	Nil	Nil
4.	Issue Expenses	Bank Statements, Company Letter, CA Certifcate	1.75	No	Nil	Nil	Nil	Nil
5.	Any other purpose approved by board	NA	Nil	No	Nil	Nil	Nil	Nil

Note: The above details are verified by D P Bhardwaj & Associates Chartered Accountants FRN no. 021878C vide its CA Certificate and company statement dated February 13, 2026.

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ii. Progress in the object(s):

Sr. No.	Item Head	Source of information/ certifcations considered by Monitoring Agency for preparation of report	Amount as proposed in the Ofer Document in ₹ Crore (A)	Amount utilized in ₹ Crore (B)	Amount utilized in ₹ Crore (B)	Amount utilized in ₹ Crore (B)	Total Unutilised amount in ₹ Crore as on 31st December 2025 (C) A-B	Comments of the Monitoring Agency
				As at beginning of the quarter in ₹ Crore	During the quarter in ₹ Crore	At the end of the quarter in ₹ Crore
1.	Adjustment of unsecured loans of the Promoters and group Company against the Entitlement of the Promoters	Bank Statements, Company Letter, CA Certifcate, PAS certifcate	10.00	0.00	10.00	10.00	0.00	Nil
2	Augmenting capital base to meet future business requirements of Company towards onward lending	Bank Statements, Company Letter, CA Certifcate	6.85	0.00	6.85	6.85	0.00	Nil
3.	General corporate purpose	Bank Statements, Company Letter, CA Certifcate	5.21	0.00	5.21	5.21	0.00	Nil
4.	Issue Expenses	Bank Statements, Company Letter, CA Certifcate	1.75	0.00	1.75	1.75	0.00	Nil
5.	Any other purpose approved by board	NA	Nil	0.00	0.00	0.00	0.00	Nil

The above details are verified by D P Bhardwaj & Associates Chartered Accountants FRN no. 021878C vide its CA Certificate and company statement dated February 13, 2026.

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iii. Deployment of unutilised issue proceeds:

Sr. No.	Type of instrument and name of entity invested in Amount Invested (₹ Crore)	Maturity date	Earning (₹ Crore) Return on Investment (%)	Market Value as at the end of thequarter
	No unutilized amount available for deployment during the quarter ended December			31, 2025

Note: The above details are verified by D P Bhardwaj & Associates Chartered Accountants FRN no. 021878C vide its CA Certificate and company statement dated February 13, 2026.

iv. Delay in Implementation of Objects:

Object(s) Name	Completion Date	Completion Date	Delay	Comments of Board of Directors	Comments of Board of Directors
	As per Ofer Document	Actual	No. of Days/ Months	Reason of Delay	Proposed course of Action
Repayment and/or pre- payment, in full or part, of borrowing availed by our Company	Up to Financial Year 2025-26	Completed	-	-	-
Funding capital expenditure requirements towards Purchase of trucks	Up to Financial Year 2025-26	Completed	-	-	-
Issue expenses	-	-	-	-	-
General corporate purpose	Up to Financial Year 2025-26	Completed	-	-	-
Any other purpose approved by board	-	-	-	-	-

The above details are verified by company statement dated February 13, 2026.

5) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document:

Item head	Amount in Rs. Crore (As on December 31,2025)	Remarks
General Corporate Purpose*	5.21	Nil

The above details are verified by D P Bhardwaj & Associates Chartered Accountants FRN no. 021878C vide its CA Certificate and company statement dated February 13, 2026.

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Disclaimer

a) This Report is prepared by Brickwork Ratings India Private Limited (hereinafter referred to as “BWR” or “Monitoring Agency” or “MA”). The MA has taken utmost care to ensure accuracy and objectivity while developing this Report based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The views and opinions expressed herein do not constitute the opinion of MA to deal with any security of the Issuer in any manner whatsoever.

b) This Report must be seen in its entirety; the selective review of portions of the Report may lead to inaccurate assessments. For this Report, MA has relied upon the information provided by the management /officials/ consultants of the Issuer and third-party sources like statutory auditors (or from peer reviewed CA firms) appointed by the Issuer believed by it to be accurate and reliable.

c) Nothing contained in this Report is capable or 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 MA is also not responsible for any errors in transmission and specifically states that it, or its directors, employees do not have any financial liabilities whatsoever to the users of this Report.

d) The MA and its affiliates do not act as a fiduciary. The MA and its affiliates also do not act as an expert to the extent defined under Section 2(38) of the Companies Act, 2013.

e) While the MA has obtained information from sources it believes to be reliable, it does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives from auditors (or from peer reviewed CA firms), lawyers, chartered engineers or other experts, and relies on in its reports.

f) The MA or its affiliates may have other commercial transactions with the entity to which the report pertains. As an example, the MA may rate the issuer or any debt instruments / facilities issued or proposed to be issued by the issuer that is subject matter of this report. The MA may receive separate compensation for its ratings and certain credit-related analyses, normally from issuers or underwriters of the instruments, facilities, securities or from obligors.

g) BWR is an independent Monitoring Agency and may determine, apply and amend its approach, processes and procedures in its sole discretion from time to time provided the same are in line with the SEBI ICDR Regulations.

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