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Date: February 10, 2026

To,

National Stock Exchange of India Limited

BSE Limited

Exchange Plaza, Listing Compliance Department Bandra Kurla Complex, Floor 25, P J Towers, Bandra (East), Mumbai – 400051 Dalal Street, Mumbai – 400001 Maharashtra, India. Maharashtra, India. Symbol: FABTECH Scrip Code: 544558

Dear Sir/ Madam,

Subject: Disclosure under Regulation 32 of the SEBI (Listing Obligations and Disclosure - Requirements) Regulations, 2015 Monitoring Agency Report for the quarter ended on December 31, 2025.

Pursuant to Regulation 32(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, please find enclosed herewith the Monitoring Agency Report issued by CRISIL Ratings Limited, Monitoring Agency, for the quarter ended on December 31, 2025 in respect of utilization of proceeds of the Initial Public Offer (IPO) of the Company.

The same is also available on the website of the Company at www.fabtechnologies.com

We request you to kindly take the same on record.

Thank you,

Yours faithfully, For Fabtech Technologies Limited

HEMANT Digitally signed by HEMANT MOHAN MOHAN ANAVKAR Date: 2026.02.10 ANAVKAR 16:02:05 +05'30'

Hemant Mohan Anavkar Executive Director DIN: 00150776

Encl: As mentioned above

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Monitoring Agency Report for

Fabtech Technologies Limited for the quarter ended December 31, 2025

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CRL/MAR/BIGVPL/2025-26/1657

February 10, 2026

To

Fabtech Technologies Limited

715, Janki Centre, Off. Veera Desai Road, Andheri West, Mumbai - 400 053, Maharashtra, India

Dear Sir/Ma’am,

Monitoring Agency Report for the quarter ended December 31, 2025 - in relation to the Initial Public Offer (“IPO”) of Fabtech Technologies Limited (“the Company”)

Pursuant to Regulation 41 (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“ SEBI ICDR Regulations ”) and Monitoring Agency Agreement dated September 11, 2025, enclosed herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of IPO for the quarter ended December 31, 2025.

Request you to kindly take the same on records.

Thanking you,

For and on behalf of Crisil Ratings Limited

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Shounak Chakravarty Director, Ratings (LCG)

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Report of the Monitoring Agency (MA)

Name of the issuer: Fabtech Technologies Limited

For quarter ended: December 31, 2025

Name of the Monitoring Agency: Crisil Ratings Limited

(a) Deviation from the objects: Not applicable

(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 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.

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:

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Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG)

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1) Issuer Details:

Name of the issuer: Fabtech Technologies Limited Names of the promoter: Mr. Aarif Ahsan Khan Mr. Hemant Mohan Anavkar Mr. Aasif Ahsan Khan Mrs. Manisha Hemant Anavkar

Industry/sector to which it belongs : Pharmaceutical Engineering Company

2) Issue Details

Issue Period: September 29, 2025, to October 01, 2025 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 23,029.65 lakhs*

*Note:

Particulars	Amount (Rs. in lakhs)
Gross proceeds	23,029.65#
Less: Issue Expenses	2,277.63
Net Proceeds	20,752.02

#Crisil Ratings shall be monitoring the gross proceeds.

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

Particulars	Reply	Source of information/ certifications considered by Monitoring Agency for preparation of report	Comments of the Monitoring Agency	Comments of the Board of Directors
Whether all utilization is as per the disclosures in the Offer Document?	Yes	Management undertaking, Statutory Auditor certificate^, Prospectus dated 02/10/2025 (“hereinafter referred as “offer document”), Bank Statements	Proceeds were utilized towards General Corporate Purposes and issue expenses	No comments
Whether shareholder approval has been obtained in case of material deviations from expenditures disclosed in the Offer Document?	NA	Management Undertaking, Statutory Auditor certificate^	No comments	No comments
Whether the means of finance for the disclosed objects of the issue has changed?	No		No comments	No comments
Is there any major deviation observed over the earlier monitoringagencyreports?	NA		No comments	No comments
Whether all Government/ statutory approvals related to the object(s) have been obtained?	NA		No comments	No comments
Whether all arrangements pertaining to technical assistance/collaboration are in operation?	NA		No comments	No comments
Are there any favorable events improving the viability of these object(s)?	No		No comments	No comments
Are there any unfavorable events affecting the viability of the object(s)?	No		No comments	No comments
Is there any other relevant information that may materially affect the decision making of the investors?	No		No comments	No comments

NA represents Not Applicable

^Certificate dated February 02, 2026, issued by M/s Ajmera and Ajmera Chartered Accountants (Firm Registration Number: 018796C), Statutory auditors of the Company.

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

i. Cost of the object(s):

Sr. No .	Item Head	Source of information/ certification considered by MA for preparation of report	Original cost (as per the Offer Documen t) (Rs in lakhs)	Revise d Cost (Rs in lakhs)	Comment 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 financing option	Particulars of firm arrangeme nts made
1	Funding working capital requirements of the Company	Management undertaking, Statutory Auditor certificate^, Offer document	12,700.00	NA	No revision	No comments	No comments	No comments
2	Pursuing inorganic growth initiatives through acquisitions		3,000.00	NA	No revision	No comments	No comments	No comments
3	General Corporate Purposes#		5,052.02	NA	No revision	No comments	No comments	No comments
-	Sub-total		20,752.02	-	-	-	-	-
4	Issue expenses		2,277.63	NA	No revision	No comments	No comments	No comments
-	Total	-	23,029.65	-	-	-	-	-

#The amount utilised for general corporate purposes does not exceed 25% of the Gross Proceeds (amounting to Rs 5.757.41 lakhs) from the Fresh Issue.

^Certificate dated February 02, 2026, issued by M/s Ajmera and Ajmera Chartered Accountants (Firm Registration Number: 018796C), Statutory auditors of the Company.

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ii. Progress in the object(s):

Sr. No.
		Source of
				Amount utilized (Rs in					Comments of the
		information/	Amount
				lakhs)					Board of Directors
		certifications	as

		considered by	proposed				Total	Comments of

		Monitoring	in the				unutilized	the
				As at		At the
	Item Head#	Agency for	Offer				amount	Monitoring
				beginning	During	end			Reasons	Proposed
		preparation of	Document				(Rs in	Agency
				of the	the	of the			for idle	course of
		report	(Rs in				lakhs)
				quarter	quarter	quarter			funds	action
			lakhs)


1	Funding working capital requirements of the Company	Management undertaking, Statutory Auditor certificate^, offer document, Bank Statements	12,700.00	Nil	Nil	Nil	12,700.00	No utilization during the reported quarter	No comments
2	Pursuing inorganic growth initiatives through acquisitions		3,000.00	Nil	Nil	Nil	3,000.00	No utilization during the reported quarter	No comments
3	General Corporate Purposes		5,052.02	Nil	125.00	125.00	4,927.02	Refer Note 1	No comments
-	Sub-total		20,752.02	Nil	125.00	125.00	20,627.02	-	- -
4	Issue expenses		2,277.63	Nil	2,225.25	2,225.25	52.38	Refer Note 2	No comments
-	Total		23,029.65*	Nil	2,350.25	2,350.25	20,679.40	-	-

^Certificate dated February 02, 2026, issued by M/s Ajmera and Ajmera Chartered Accountants (Firm Registration Number: 018796C), Statutory auditors of the Company.

Note 1: During the quarter ended December 31, 2025, the Company has transferred Rs 125.00 lakhs from its monitoring account to its current account for utilization towards object of the issue “ general corporate purposes ”, for operational ease. The transferred proceeds stand fully utilized as at end of the quarter.

Note 2: Out of Rs 2,225.25 lakhs, the Company had utilized Rs 256.53 lakhs towards issue expenses from its internal accruals prior to receipt of IPO proceeds. This amount is subsequently taken as reimbursement from public issue account of the company to its current account during the quarter ended December 31, 2025.

*Out of the total raised gross proceeds of Rs 23,029.65 lakhs, the Company has received Rs 23,027.65 lakhs as at the quarter ended December 31, 2025, and Rs 2.00 lakhs is pending receipt due to operational issues.

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iii. Deployment of unutilised proceeds[^] :

S. No.	Type of instrument where amount is invested	Amount invested (in Rs lakhs)	Maturity date	Earnings as on December 31, 2025 (Rs in lakhs)*	Return on Investment (%)	Market value as at the end of quarter (Rs in lakhs)
1	FD - IndusInd Bank-301064391485	1,000.00	07-01-2026	12.61	5.50	1,012.61
2	FD - IndusInd Bank-301064391341	500.00	07-01-2026	6.46	5.60	506.46
3	FD - IndusInd Bank-301064391452	500.00	07-01-2026	6.62	5.75	506.62
4	FD - IndusInd Bank-301064387164	1,000.00	08-03-2026	14.04	6.10	1,014.04
5	FD - IndusInd Bank-301064392902	1,500.00	07-04-2026	21.58	6.25	1,521.58
6	FD - IndusInd Bank-301064392282	2,000.00	04-09-2026	29.69	6.45	2,029.69
7	FD - IndusInd Bank-301064394686	2,500.00	09-01-2027	38.84	6.75	2,538.84
8	FD - Axis Bank-925040102644454	500.00	08-04-2026	6.79	5.90	506.79
9	FD - Axis Bank-925040102637362	500.00	08-03-2026	6.67	5.80	506.67
10	FD - Axis Bank-925040102644027	1,500.00	08-09-2026	20.96	6.00	1,520.96
11	FD - Axis Bank-925040102643600	2,500.00	08-01-2027	35.80	6.15	2,535.80
12	FD - Axis Bank-925040102643817	1,000.00	06-01-2026	10.96	4.75	1,010.96
13	FD - Axis Bank-925040102639818	500.00	06-01-2026	6.67	5.80	506.67
14	FD - Axis Bank-925040102640070	500.00	06-01-2026	5.48	4.75	505.48
15	FD - ICICI Bank-001110129518	2,000.00	06-01-2026	14.82	4.25	2,014.82
16	FD - ICICI Bank-001110129519	1,000.00	06-01-2026	5.55	4.25	1,005.55
17	Monitoring account of the Company (ICICI Bank)	250.00	-	-	-	250.00
18	Public issue account of the Company (ICICI Bank)	1,427.40	-	-	-	1,427.41
	Total	20,677.40 (Refer Note 3)	-	243.54	-	20,920.95

Monitoring the deployment of Interest Income earned from unutilised proceeds does not form part of the scope of Monitoring Agency report.

Note 3: Out of the total raised gross proceeds of Rs 23,029.65 lakhs, the Company has received Rs 23,027.65 lakhs as at the quarter ended December 31, 2025, and Rs 2.00 lakhs is pending receipt due to operational issues.

^On the basis of management undertaking and Certificate dated February 02, 2026, issued by M/s Ajmera and Ajmera Chartered Accountants (Firm Registration Number: 018796C), Statutory auditors of the Company

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

				Comments of the Board of	Comments of the Board of
	Completion Date
				Directors
			Delay
	As per the				Proposed
Object(s)			(no. of days/
	Offer	Actual	months)	Reason of delay	course of
	Document				action

	Not applicable^

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

S. No.	Item heads	Amount (Rs in lakhs)	Remarks
1	Salary& Wages	125.00	Proceeds utilized towards payment of Salary
Total		125.00*	The Board of Directors of the Company vide resolution dated February 02, 2026, has approved the quantum of utilization of GCP towards mentioned item heads in line with the disclosure provided in the offer document dated October 02, 2025.

Disclaimers:

a) This Report is prepared by Crisil Ratings Limited (hereinafter referred to as "Monitoring Agency” / “MA" / “CRL”) . 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 Peer-reviewed Independent Chartered Accountants (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. 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.

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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 creditrelated analyses, normally from issuers or underwriters of the instruments, facilities, securities or from obligors.
f) The MA report is intended for the jurisdiction of India only. This report does not constitute an offer of services. Without limiting the generality of the foregoing, nothing in the report is to be construed as CRL providing or intending to provide any services in jurisdictions outside India, where it does not have the necessary licenses and/or registration to carry out its business activities referred to above.
g) Access or use of this report does not create a client relationship between CRL and the user.
h) CRL is not aware that any user intends to rely on the report or of the manner in which a user intends to use the report. In preparing this report, MA has not taken into consideration the objectives or particular needs of any particular user.
i) It is made abundantly clear that the report is not intended to and does not constitute an investment advice. The report is not an offer to sell or an offer to purchase or subscribe for any investment in any securities, instruments, facilities or solicitation of any kind to enter into any deal or transaction with the entity to which the report pertains. The report should not be a basis for any investment decision within the meaning of any law or regulation (including the laws and regulations applicable in the US).
j) The report comprises professional opinion of CRL as of the date they are expressed, based on the information received from the issuer and other sources considered reliable by CRL. Any opinions expressed here are in good faith, are subject to change without notice, and are only current as of the stated date of their issue. The report does not constitute statements of fact or recommendations to purchase, hold or sell any securities/instruments or to make any investment decisions.
k) Neither CRL nor its affiliates, third-party providers, as well as their directors, officers, shareholders, employees or agents guarantee the accuracy, completeness or adequacy of the report, and shall not have any liability for any errors, omissions or interruptions therein, regardless of the cause, or for the results obtained from the use of any part of the report. CRL and each aforesaid party disclaims any and all express or implied warranties, including but not limited to any warranties of merchantability, suitability or fitness for a particular purpose or use or use. In no event shall CRL or any aforesaid party be liable to any user for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of any part of the report even if advised of the possibility of such damages.
l) CRL has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with the preparation of this report. CRL has in place a code of conduct and policies for managing conflict of interest.
m) Unless required under any applicable law, this report should not be reproduced or redistributed to any other person or in any form without prior written consent from CRL.
n) By accepting a copy of this Report, the recipient accepts the terms of this Disclaimer, which forms an integral part of this Report.

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AI assistant

Fabtech Technologies Limited Regulatory Filings 2026

59583_rns_2026-02-10_0b24409f-afae-432f-b29d-796cc014cef2.pdf

National Stock Exchange of India Limited

BSE Limited

Monitoring Agency Report for

Fabtech Technologies Limited for the quarter ended December 31, 2025

CRL/MAR/BIGVPL/2025-26/1657

To

Fabtech Technologies Limited

Report of the Monitoring Agency (MA)

Name of the issuer: Fabtech Technologies Limited

(a) Deviation from the objects: Not applicable

(b) Range of Deviation: Not applicable

Declaration:

Signature:

1) Issuer Details:

2) Issue Details

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

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

i. Cost of the object(s):

ii. Progress in the object(s):

iii. Deployment of unutilised proceeds[^] :

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

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

Disclaimers:

AI assistant

Fabtech Technologies Limited — Regulatory Filings 2026

59583_rns_2026-02-10_0b24409f-afae-432f-b29d-796cc014cef2.pdf

National Stock Exchange of India Limited

BSE Limited

Monitoring Agency Report for

Fabtech Technologies Limited for the quarter ended December 31, 2025

CRL/MAR/BIGVPL/2025-26/1657

To

Fabtech Technologies Limited

Report of the Monitoring Agency (MA)

Name of the issuer: Fabtech Technologies Limited

(a) Deviation from the objects: Not applicable

(b) Range of Deviation: Not applicable

Declaration:

Signature:

1) Issuer Details:

2) Issue Details

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

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

i. Cost of the object(s):

ii. Progress in the object(s):

iii. Deployment of unutilised proceeds[^] :

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

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

Disclaimers:

More from Fabtech Technologies Limited

Fabtech Technologies Limited Regulatory Filings 2026