PTC Industries Ltd. — Capital/Financing Update 2025

May 15, 2025

PTC INDUSTRIES LIMITED Advanced Manufacturing & Technology Centre NH 25A, Sarai Shahjadi, Lucknow 227 101 Uttar Pradesh, India

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Date: May 15, 2025

To

National Stock Exchange of India Limited

Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (E), Mumbai-400051

To

BSE Limited

Department of Corporate Services - Listing Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

SYMBOL: PTCIL

SCRIP CODE: 539006

Dear Sir and Ma’am,

Sub.: Disclosure under Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Monitoring Agency Reports.

Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed herewith Monitoring Agency Reports for the quarter ended on March 31, 2025.

Kindly take the above information on record.

Thanking you,

Yours Sincerely,

For PTC Industries Limited

PRAGATI GUPTA Digitally signed by PRAGATI GUPTA AGRAWAL AGRAWAL Date: 2025.05.15 20:16:22 +05'30'

Pragati Gupta Agrawal Company Secretary and Compliance Officer MNo.- 61754

CIN: L27109UP1963PLC002931 Tel: +91 522 7111017 | Fax: +91 522 2265302 | Email: info@ptcil.com | Website: www.ptcil.com

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ICRA Limited

Date: May 15, 2025

Mr. Sachin Agarwal Chairman & Managing Director PTC Industries Limited NH 25A Sarai Shahjadi, Lucknow 227 101, Uttar Pradesh, India

Dear Sir,

Re: Final Monitoring Agency report of PTC Industries Limited for Q4 FY2025

Please refer to agreement dated August 28, 2024, appointing ICRA Limited as the Monitoring Agency (MA) for PTC Industries Limited’s QIP Issue.

After due consideration, ICRA has prepared the attached final Monitoring Agency report as per SEBI (Issue of Capital and Disclosure Requirements) Regulations for Q4 FY2025.

Please note that the Monitoring Agency report does not constitute a commentary on the quality of the objects of the issue, appropriateness or reasonableness of costs or spending by PTC Industries Limited against any objects / heads or assurance on outcome of such spending.

We thank you for your kind cooperation extended during the course of Q4 FY2025. Should you require any clarification, please do not hesitate to get in touch with us.

We look forward to your communication and assure you of our best services.

With kind regards

For ICRA Limited

PARUL Digitally signed by PARUL GOYAL NARANG GOYAL Date: 2025.05.15 NARANG 20:04:37 +05'30'

Parul Goyal Narang Vice President & Head- Process Excellence Parul.goyal@icraindia.com

Building No. 8, 2[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana

Tel.: +91.124 .4545300 CIN : L749999DL1991PLC042749

Website: www.icra.in Email: info@icraindia.com Helpdesk: +91 9354738909

Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41

RATING ● RESEARCH ● INFORMATION

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March 2025

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MONITORING AGENCY REPORT

Name of the Issuer: PTC Industries Limited

For quarter ended: March 31, 2025.

Name of the Monitoring Agency: ICRA Limited

(a) Deviation from the objects of the issue:

No deviation - the utilization of the issuance proceeds is in line with the objects of the issue.

(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:

PARUL Digitally signed by PARUL GOYAL NARANG GOYAL Date: 2025.05.15 NARANG 20:03:44 +05'30'

Parul Goyal Narang

Vice President & Head- Process Excellence

Analyst: Subhechha Banerjee Quality Analyst: Parul Narang

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March 2025

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1. Issuer Details

Name of the Issuer : PTC Industries Limited

Name(s) of the promoters:

Promoters

Sachin Agarwal Satish Chandra Agarwal Huf

Source: BSE

Industry/ sector to which it belongs :

• Manufacturing

2. Issue Details

Issue Period : Opening date- August 28, 2024

Closing date- September 02, 2024

Type of Issue : Qualified Institutional Placement (QIP)

Type of specified securities : Equity Shares.

IPO Grading, if any : Not Applicable

Issue Size (Rs. Crore): Issue Size: INR 699.9999 crores (5,30,315 equity shares @ Rs. 13199.70 each)

With OFS portion: Not Applicable.

Excluding OFS portion: Not Applicable

Net proceeds as per the Placement Document: INR 673.2558 Crore

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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 the Monitoring Agency for the preparation of report	Comments of the Monitoring Agency	Comments of the Issuer’s Board of Directors
Whether all utilization is as per the disclosures in the Placement Document?	Yes	- Peer review CA Certificate -Confirmation from management -Bank Statement of the proceeds account	No deviation observed
Whether shareholder approval has been obtained in case of material deviations#from expenditures disclosed in the Placement Document?	Not Applicable	As confirmed by the Issuer’s management	No comments
Whether the means of finance for the disclosed objects of the issue has changed?	No	As confirmed by the Issuer’s management	No comments
Is there any major deviation observed over the earlier monitoring agency reports?	No	As confirmed by the Issuer’s management	No deviation observed
Whether all Government/ statutory approvals related to the object(s) have been obtained?	Not Applicable	As confirmed by the Issuer’s management	No comments
Whether all arrangements pertaining to technical assistance/ collaboration are in operation?	Not Applicable	As confirmed by the Issuer’s management	No comments
Are there any favorable events improving the viability of these object(s)?	No	As confirmed by the Issuer’s management	As understood from the Issuer’s management
Are there any unfavorable events affecting the viability of the object(s)?	No	As confirmed by the Issuer’s management	As understood from the Issuer’s management
Is there any other relevant information that may materially affect the decision making of the investors?	No	As confirmed by the Issuer’s management	As understood from the Issuer’s management

• # Where material deviation is defined to mean:

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

(b) Deviation in the amount of funds utilized by more than 10% of the amount specified in the Placement Document.

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

(i) Cost of object(s)

S . N .	Item Head	Source of information, certifications considered by the Monitoring Agency for the preparation of report	Original cost (as per the Placement Document) [Rs. Crore]	Revised cost [Rs. Crore]	Comments of the Monitoring Agency	Comments of the Issuer’s Board of Directors	Comments of the Issuer’s Board of Directors	Comments of the Issuer’s Board of Directors
						Reason for cost revisio n	Proposed financing option	Particulars of firm arrangeme nts made
1	Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by our Company	Placement Document	50.0000	-	No comments
2	Funding capital expenditure, including towards expansion and development of one or more manufacturing facilities of the Company and of its Subsidiary, Aerolloy Technologies Limited (through investment in Aerolloy Technologies Limited)	Placement Document	209.0000	-	No comments
3	Funding working capital requirements of our Company	Placement Document	71.0000	-	No comments
4	Funding our Company’s inorganic growth initiatives	Placement Document	175.0000	-	No comments
5	General corporate purposes	Placement Document	168.2558	-	No comments
	Total		673.2558

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March 2025

(ii) Progress in the object(s)

S . N .				l	l	l			Comments of the Issuer’s Board of Directors	Comments of the Issuer’s Board of Directors
			Amount as
		Source of information,		Amount utiized			Total
			proposed in
	Item Head*	certifications considered by the Monitoring Agency for the preparation of report		[Rs. Crore]			unutilized	Comments of the Monitoring Agency
			the Placement Document [Rs. Crore]
				As at the beginning of thequarter					Reasons for idle funds	Proposed course of action
						At the end	amount
					During the
						of the	[Rs. Crore]
					quarter	quarter
1	Issue Related Expenses	- Placement Document -Bank Account Statement	26.7441	26.3820	0.0177	26.3997	0.3444	No comments
	Objectsfor utilization of Net Proceeds
1	Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by our Company	- Placement Document -Bank Account Statement - Peer review CA Certificate	50.0000	46.0601	-	46.0601	3.9399	No comments
2	Funding capital expenditure, including towards expansion and development of one or more manufacturing facilities of the Company and of its Subsidiary, Aerolloy Technologies Limited (through investment in Aerolloy Technologies Limited)	- Placement Document -Bank Account Statement - Peer review CA Certificate	209.0000	50.6060	57.5818	108.1878	100.8122	No comments
3	Funding working capital requirements of our Company	- Placement Document -Bank Account Statement - Peer review CA Certificate	71.0000	55.0567	15.9434	71.000	Nil	No comments
4	Funding our Company’s inorganic growth initiatives	- Placement Document -Bank Account Statement - Peer review CA Certificate	175.0000	175.000	-	175.000	Nil	No comments
5	General corporate purposes	- Placement Document -Bank Account Statement - Peer review CA Certificate	168.2558	1.3731	2.3212	3.6943	164.5615	No comments
Total			699.9999	354.4779	75.8641	430.3419	269.6580

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(iii) Deployment of unutilized proceeds

S.N.	Type of instrument and name of the entity invested in	Amount invested [Rs. Crore]	Maturity date	Earning [Rs. Crore]	Return on Investment [%]	Market Value as at the end of quarter@ [Rs. Crore]
1	FD with YES BANK	30.01	5/9/2025	0.58	7.85	30.59
2	FD with YES BANK	30.01	5/9/2025	0.58	7.85	30.59
3	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
4	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
5	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
6	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
7	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
8	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
9	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
10	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
11	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
12	FD with YES BANK	10.01	7/10/2025	0.19	7.82	10.20
13	FD with YES BANK	5.05	4/6/2025	0.09	7.55	5.14
14	FD with YES BANK	5.05	4/6/2025	0.09	7.55	5.14
15	FD with YES BANK	5.05	4/6/2025	0.09	7.55	5.14
16	FD with YES BANK	5.01	7/4/2025	0.09	7.35	5.10
17	FD with YES BANK	5.01	7/4/2025	0.09	7.35	5.10
18	FD with YES BANK	5.01	7/4/2025	0.09	7.35	5.10
19	FD with YES BANK	5.01	7/4/2025	0.09	7.35	5.10
20	FD with YES BANK	5.01	7/4/2025	0.09	7.35	5.10
21	FD with YES BANK	5.01	7/4/2025	0.09	7.35	5.10
22	FD with PNB Bank	10.01	21/04/2025	0.00	7.69	10.01
23	FD with PNB Bank	10.01	21/04/2025	0.00	7.69	10.01
24	FD with PNB Bank	10.01	6/4/2025	0.11	7.4	10.12
25	FD with PNB Bank	10.01	6/4/2025	0.11	7.4	10.12
26	FD with PNB Bank	10.01	15/05/2025	0.10	7.5	10.11
27	FD with PNB Bank	10.01	15/05/2025	0.10	7.5	10.11
28	FD with YES BANK	4.01	27/04/2025	0	0	4.01

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				March 2025	March 2025
29	Balance lying in with Yes Bank	4.222*	NA	NA	NA	4.222
30	Balance lying in Monitoring A/c	0.017	NA	NA	NA	0.017
31	Balance lying in Aerolloy Technologies Limited CC A/c	0.314**	NA	NA	NA	0.314
Total		273.953#		4.31		278.265

Source: As certified by T Nagar & Co

* Includes INR 0.080 crore of proceeds amount

**Includes INR 0.161 crore of proceeds amount

#INR 4.295 pertaining to internal funds of the company.

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

	Completion date	Completion date		Comments of the Issuer’s Board of Directors	Comments of the Issuer’s Board of Directors
Object(s)	As per the Placement Document	Actual	Delay [Number of days or months]	Reason for delay	Proposed course of action
Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by our Company	FY2025	Delay	NA*
Funding capital expenditure, including towards expansion and development of one or more manufacturing facilities of the Company and of its Subsidiary, Aerolloy Technologies Limited (through investment in Aerolloy Technologies Limited)	FY2026	On Schedule	NA
Funding working capital requirements of our Company	FY2025	On Schedule	NA
Funding our Company’s inorganic growth initiatives	FY2026	On Schedule	NA
General corporate purposes	FY2026	On Schedule	NA

Source: As confirmed by the Issuer’s management

• Out of the planned expenditure of INR 50.0000 Crore towards Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by our Company in FY2025, the company has utilized INR 46.0601 Crore till Q4FY2025 (Unutilised amount of INR 3.9399 Crore).

The remaining amount has been parked in Monitoring account, FDs, and Current accounts of the company .

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March 2025

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

S.N.	Item Head	Amount [Rs. Crore]	Source of information, certifications considered by the Monitoring Agency for the preparation of report	Comments of the Monitoring Agency	Comments of the Issuer’s Board of Directors
1	Used for the Company’s inorganic growth – Q3FY25	1.3731	- Peer review CA Certificate -Bank Statement	No Comments
2	Used for the Company’s inorganic growth – Q4FY25	0.8623	- Peer review CA Certificate -Bank Statement	No Comments
3	Used for the Working Capital requirements – Q4FY25	1.4589	- Peer review CA Certificate -Bank Statement	No Comments
Total		3.6943	-	-

Source: As certified by T Nagar & Co

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