Chatterbox Technologies Limited — Capital/Financing Update 2026

May 15, 2026

CHTRBOX

Chatterbox Technologies Limited

Ref. No. CTL/04/2026-27/BSE

Date: 15th May, 2026

To

The Manager

Corporate Services

The Listing Department

Bombay Stock Exchange Limited

Phiroz Jeejeebhoy Towers, Dalal Street,

Mumbai 400 001

Scrip Code: 544546

Dear Sir/Madam,

Subject: Monitoring Agency Report for the quarter ended March 31, 2026.

Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith the Monitoring Agency Report dated May 15, 2026, for the quarter ended on March 31, 2026 in respect of utilization of proceeds of the Initial Public Offer ("IPO") of the Company. You are requested to kindly take the same on your record.

Yours faithfully,

For CHATTERBOX TECHNOLOGIES LIMITED

(FORMERLY KNOWN AS CHATTERBOX TECHNOLOGIES PRIVATE LIMITED)

RAJNANDA

N MISHRA

Digitally signed by RAJNANDAN MISHRA

Date: 2026.05.15

22:37:07 +05'30"

RAJNANDAN MISHRA

MANAGING DIRECTOR

(DIN: 10815241)

Unit No. 1101 & 1102, 11th Floor, Lotus signature, Off Veera Desai Road, Andheri West, Mumbai -400053

Mumbai | Delhi | www.chtrbox.com | CIN: L93000MH2016PLC273833

Email ID: info@chtrbox.com Tel: +91 22 4451 4288

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Report of the Monitoring Agency (MA)

Name of the issuer : Chatterbox Technologies Limited
For quarter ended : H2 FY2025-26
Name of the Monitoring Agency : Acuité Ratings and Research Limited
(a) Deviation from the objects : No Deviation is observed.
(b) Range of Deviation : Not Applicable
(c) Any other material fact to be highlighted : None

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 "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 responsibility for such comments of the issuer's Management/Board.

Signature:

Vikas Mishra
Deputy Vice President - Process Excellence

Report Date: May 15, 2026

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1. Issuer Details:

Name of the issuer : Chatterbox Technologies Limited

Names of the promoter:

Promoters
Mr. Rajnandan Mishra
QYOU Media Inc

Industry/sector to which it belongs : Advertising & Media Agencies / Media, Entertainment & Publication

2. Issue Details:

Issue Period : September 25, 2025 to September 29, 2025

Type of issue : Public Issue

Type of specified securities : Equity Shares

IPO Grading, if any : Not Applicable

Issue size : INR 42.86 Cr.

Report Date: May 15, 2026

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1. Details of the arrangement made to ensure the monitoring of issue proceeds

Particulars	Reply from the issuer	Source of information/ certifications considered by Monitoring Agency for preparation of report	Comments of the Monitoring Agency	Comments the Board of Directors
1. Whether all utilization is as per the disclosures in the Offer Document?	Yes	Documents provided by the issuer: including Fixed Deposit Certificates, Bank Statements, invoices and Independent Auditors Certificate etc.	No.
For details, please refer section 4.: ii. Progress in the object(s). (Page No. 5)	Utilization of funds and progress of the object(s) have been disclosed in Section 4(ii) – Progress in the Object(s).
2. Whether shareholder approval has been obtained in case of material deviations# from expenditures disclosed in the Offer Document?	Not Applicable		No material deviation is observed.	Agreed
3. Whether the means of finance for the disclosed objects of the issue has changed?	No		No change is observed.	Agreed
4. Is there any major deviation observed over the earlier monitoring agency reports?	No		The issuer has not appointed any other Monitoring Agency earlier.	Agreed
5. Whether all Government/statutory approvals related to the object(s) have been obtained?	Not Applicable		No Government / Statutory approval is required for objects.	Agreed
6. Whether all arrangements pertaining to technical assistance/collaboration are in operation?	Yes		No arrangement pertaining to technical assistance / collaboration is required with reference to the object.	Agreed
7. Are there any favorable events improving the viability of these object(s)?	Yes		No favorable event is observed that may improve the viability of these objects.	Agreed
8. Are there any unfavorable events affecting the viability of the object(s)?	No		No unfavorable event is observed affecting the viability of these objects.	Agreed
9. Is there any other relevant information that may materially affect the decision making of the investors?	No		No relevant information is evident that may materially affect the decision making of the investors.	Agreed

Report Date: May 15, 2026

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

i. Cost of object(s)

Sr. No.	Item Head	Source of information / certifications considered by Monitoring Agency for preparation of report	Original cost (as per the Offer Document) [INR Cr.]	Revised Cost	Comments of the Monitoring Agency	Comments of the Board of Directors
						Reason of Cost revision	Proposed financing option	Particulars of firm arrangement
1	Funding Capital requirements for Existing business	As per the documents provided by the issuer, including Independent Auditors Certificate.	11.07	-	No change is observed.	NA	NA	NA
2	Funding Capital expenditure for setting up an additional office cum setting up a new studio		7.14	-	No change is observed.	NA	NA	NA
3	Funding Capital requirements for Brand Building of our own Company		5.02	-	No change is observed.	NA	NA	NA
4	Meeting the incremental working capital requirements of our company		6.33	-	No change is observed.	NA	NA	NA
5	General Corporate Purposes		5.67	-	No change is observed.	NA	NA	NA
6	Issue Related Expenses		7.64	-	No change is observed.	NA	NA	NA
	Total		42.86	-

ii. Progress in the object(s) –

Report Date: May 15, 2026

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Sr. No.	Item Heads	Source of information / certifications considered by the Monitoring Agency for the preparation of report	Amount as proposed in the Offer Document [INR Cr.]	Amount raised [INR Cr.]	Amount utilized [INR Cr.]			Total unutilized amount [INR Cr.]	Comments of the Monitoring Agency	Comments of the Issuer's Board of Directors
					As at beginning of the half year ended March 2026	During the half year ended March 2026	At the end of the half year ended March 2026			Reasons for Idle funds	Proposed course of action
1	Funding Capital requirements for Existing business	As per the documents provided by the issuer, including Independent Auditors Certificate issued by the M/s Joy Mukherjee and Associates.	11.07	11.07	-	1.31	1.31	9.76	Progress is delayed. As per the Prospectus, INR 8.50 crores were proposed for utilisation by March 31, 2026, towards stated object.	The Company is in the process of hiring for the positions identified in the Prospectus; however, onboarding suitable candidates is taking longer than anticipated. Consequently, the procurement of hardware & software and the proposed co-working space arrangements at Bengaluru (Bellandur) and Delhi (Connaught Place) have	The Company continues to undertake the proposed activities and expects utilisation in line with business requirements.

Report Date: May 15, 2026

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										also been deferred, as these requirements are linked to manpower expansion and operational scaling.
2	Funding Capital expenditure for setting up an additional office cum setting up a new studio		7.14	7.14	-	6.10	6.10	1.04	Progress is delayed. As per the Prospectus, INR 7.09 crores were proposed for utilisation by March 31, 2026, towards stated object.	The Company has taken the proposed office premises on lease and payments shall be made as per the lease agreement tenure. The setup of the office space for day-to-day operations has been substantially completed and major payments have been made, with a small amount retained for minor pending work. Further, the proposed	The Company is continuing with the implementation of the stated objects in a phased manner and expects the balance utilisation to be completed in line with operational requirements and contractual payment timelines. Further, the unutilised amount arising due to cost savings/discount received shall be utilised towards General Corporate Purpose, subject to applicable approvals and compliance requirements.

Report Date: May 15, 2026

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										studio setup has been completed and full payment has been made. The Company has also received a discount against the estimated amount mentioned in the Prospectus for the studio setup and the resultant unutilised amount is proposed to be transferred to General Corporate Purpose.
3	Funding Capital requirements for Brand Building of our own Company		5.02	5.02	-	1.76	1.76	3.26	Progress is delayed. As per the Prospectus, INR 4.18 crores were proposed for utilisation by March 31, 2026, towards stated object.	The utilisation towards the stated object has been delayed compared to the timeline mentioned in the Prospectus, as the underlying contract is for a period of 12	The Company shall continue to utilise the funds in accordance with the terms and tenure of the underlying contract and expects the balance amount to be utilised progressively over

Report Date: May 15, 2026

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										months commencing from December 2025. Accordingly, the utilisation shall take place progressively over the tenure of the contract in line with the agreed payment terms.	the contract period.
4	Meeting the incremental working capital requirements of our company		6.33	6.33	-	5.92	5.92	0.41	As per the Prospectus, INR 6.33 crores were proposed for utilisation by March 31, 2026, towards stated object. For details, please refer section 4.: iv. Delay in implementation of the object(s). (Page No. 8)	The Company has utilised INR 5.92 crores out of the proposed utilisation of INR 6.33 crores towards meeting the incremental working capital requirements. The balance amount of INR 0.41 crores remains unutilised as on date due to phased deployment of funds and is	The Company shall continue to utilise the balance amount towards incremental working capital requirements in the ordinary course of business and expects the utilisation to be completed in due course.

Report Date: May 15, 2026

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										expected to be utilised in due course in line with business requirements.
5	General Corporate Purposes		5.67	5.67	-	0.85	0.85	4.81	As per the Prospectus, INR 5.67 crores were proposed for utilisation by March 31, 2026, towards stated object. For details, please refer section 4.: iv. Delay in implementation of the object(s). (Page No. 8)	The utilisation towards General Corporate Purposes has been undertaken based on the Company's business requirements and operational priorities from time to time, in line with the objects stated in the Prospectus. Accordingly, the balance amount remains pending for utilisation as on date and shall be deployed progressively towards eligible general corporate	The Company shall continue to utilise the balance amount towards General Corporate Purposes in line with business requirements, operational priorities and the objects stated in the Prospectus.

Report Date: May 15, 2026

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										purposes in the ordinary course of business.
6	Issue Related Expenses		7.64	7.64	-	7.64	7.64	0.00	No Comments
	Total		42.86	42.86	Nil	23.58	23.58	19.28	INR 0.28 Crores available in the Axis Bank Public offer account and INR 19.00 Crores deployed as Fixed Deposit.

Report Date: May 15, 2026

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iii. Deployment of unutilised IPO/FPO/Rights Issue Proceeds:

Sr. No.	Type of instrument and name of the entity invested in	Amount invested [INR Cr.]	Maturity date	Earning [INR Cr.]	Return on Investment (%)	Market Value as at the end of quarter [INR Cr.]
1	Fixed Deposit - Axis Bank (925040102502910)	2,000	October 08, 2026	0.060	6.25	2.060
2	Fixed Deposit - Axis Bank (925040102519206)	5,000	September 23, 2026	0.144	6.00	5.144
3	Fixed Deposit - Axis Bank (925040102511406)	5,000	December 05, 2026	0.153	6.40	5.153
4	Fixed Deposit - Axis Bank (925040103474676)	1,000	October 11, 2026	0.027	5.75	1.000*
5	Fixed Deposit - Axis Bank (925040103475527)	1,000	September 29, 2026	0.027	5.75	1.000*
6	Fixed Deposit - Axis Bank (925040103475022)	1,000	October 05, 2026	0.027	5.75	1.000*
7	Fixed Deposit - Axis Bank (925040103474391)	1,000	October 14, 2026	0.029	6.25	1.000*
8	Fixed Deposit - Axis Bank (925040102508031)	1,000	November 11, 2026	0.030	6.25	1.030
9	Fixed Deposit - Axis Bank (925040102511969)	2,000	January 08, 2027	0.062	6.50	2.062
	Total	19,000		0.558		19.449

• Interest on the fixed deposit is credited monthly to the company's current account therefore, the market value is shown at its original value of investment.

Report Date: May 15, 2026

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iv. Delay in implementation of the object(s):

| Object(s) | Completion date | | Delay
As on Date
of Report | Comments of the Issuer's Board of Directors | |
| --- | --- | --- | --- | --- | --- |
| | As per the
offer document | Actual | | Reason for delay | Proposed course of action |
| Meeting the incremental working capital requirements of our company | March 31, 2026 | Work in Progress | 45 | The Company has utilised INR 5.92 crores out of the proposed utilisation of INR 6.33 crores towards meeting the incremental working capital requirements. The balance amount of INR 0.41 crores remains unutilised as on date due to phased deployment of funds and is expected to be utilised in due course in line with business requirements. | The Company shall continue to utilise the balance amount towards incremental working capital requirements in the ordinary course of business and expects the utilisation to be completed in due course. |
| General Corporate Purposes | March 31, 2026 | Work in Progress | 45 | The utilisation towards General Corporate Purposes has been undertaken based on the Company's business requirements and operational priorities from time to time, in line with the objects stated in the Prospectus. Accordingly, the balance amount remains pending for utilisation as on date and shall be deployed progressively towards eligible general corporate purposes in the ordinary course of business. | The Company shall continue to utilise the balance amount towards General Corporate Purposes in line with business requirements, operational priorities and the objects stated in the Prospectus. |

Report Date: May 15, 2026

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

Sr. No.	Item Head	Amount (INR Cr.)	Source of information/certifications considered by Monitoring Agency for preparation of report	Comments of The Monitoring Agency	Comments of the Board of Directors
1	Security Deposit	0.30	As per the documents provided by the issuer, including Independent Auditors Certificate.	No Comments	The Board noted that the Company had originally proposed to utilise the proceeds towards setting up an additional office space of 3,000 sq. ft. However, considering operational and business requirements, the Company surrendered the existing office premises and entered into lease arrangements for a larger premises instead. Accordingly, an amount of INR 0.30 crores from General Corporate Purposes has been utilised towards the related incremental security deposit requirement.
2	TDS Payment	0.55			The amount of INR 0.55 crores has been utilised from General Corporate Purposes towards statutory dues, including TDS payments, in the ordinary course of business and in line with operational requirements of the Company.
Total		0.85

Report Date: May 15, 2026

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Disclaimer:

a) This Report is prepared by Acuité Ratings & Research Limited (hereinafter referred to as "Monitoring Agency/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 in any security of the Issuer in any manner whatsoever.

b) This Report has to be seen in its entirety; the selective review of portions of the Report may lead to inaccurate assessments. For the purpose of this Report, MA has relied upon the information provided by the management /officials/ consultants of the Issuer and third-party sources like statutory auditors 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. 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, lawyers, chartered engineers or other experts, and relies on in its reports.

e) 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.

Report Date: May 15, 2026

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About Acuité Ratings & Research

Acuité is a full-service Credit Rating Agency registered with the Securities & Exchange Board of India (SEBI). The company received RBI Accreditation as an External Credit Assessment Institution (ECAI) for Bank Loan Ratings under BASEL-II norms in the year 2012. Acuité has assigned ratings to various securities, debt instruments and bank facilities of entities spread across the country and across a wide cross section of industries. It has its Registered and Head Office in Kanjurmarg, Mumbai.

Report Date: May 15, 2026