At its board meeting held on May 13, 2026, silgo retail Limited announced two significant corporate decisions: the extension of an Inter-Corporate Deposit and the confirmation of conversion of partly paid-up equity shares into fully paid-up equity shares. The meeting commenced at 12:30 p.m. and concluded at 01:15 p.m., with the disclosures made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Inter-Corporate Deposit Extension

The board considered and approved the extension of the tenure of an Inter-Corporate Deposit (ICD) availed by the company from Ashika Credit Capital Limited. The key details of the ICD extension are as follows:

The board also approved the execution of necessary addendum(s), amendment agreement(s), and/or other ancillary documents in connection with the extension. Appropriate officials of the company have been authorised to finalise and execute the same on behalf of the company. All other terms and conditions of the Inter-Corporate Deposit Agreement dated February 07, 2026, shall continue to remain in force unless specifically modified by the parties.

Conversion of Partly Paid-Up Equity Shares

The board noted and confirmed the receipt of the First and Final Call Money in respect of partly paid-up equity shares issued on a rights basis. This follows the company's earlier communication dated March 27, 2026, which had intimated the making of the First and Final Call. The relevant details are outlined below:

The board has authorised the merging of the 73,04,331 shares—for which full First and Final Call Money has been received—with the existing fully paid-up equity shares of the company under ISIN INE01II01013. This conversion is subject to the completion of necessary corporate actions and receipt of listing and trading approvals from the relevant authorities.

Regulatory Compliance

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The outcome was communicated to the National Stock Exchange of India Limited. The board meeting decisions were signed off by Nitin Jain, Managing Director (DIN: 00935911), on behalf of Silgo Retail Limited.

Silgo Retail Limited's Board of Directors met on May 05, 2026, and formally took on record the First Monitoring Agency Report prepared by Brickwork Ratings India Private Limited for the quarter ended March 31, 2026. The report was submitted pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 82 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board noted that there is no deviation or variation in the utilisation of proceeds from the objects stated in the offer document. The meeting commenced at 04:30 PM and concluded at 05:15 PM.

Rights Issue Overview

Silgo Retail conducted a Rights Issue of Equity Shares during the period January 14, 2026 to February 02, 2026. The issue was structured to raise a total of ₹44.29 crore. As per the Letter of Offer, the company received 50% on application of the subscribed amount, amounting to ₹22.14 crore, as of March 31, 2026. The following table summarises the key issue details:

Utilisation of Issue Proceeds

Brickwork Ratings, acting as the Monitoring Agency under its engagement letter dated December 12, 2025, verified the utilisation of funds raised through the Rights Issue. The verification was based on bank statements, a CA Certificate from JKSS & Associates dated April 29, 2026, invoices, and company letters. The table below details the progress in deployment of issue proceeds as at the end of the quarter:

The primary object of the Rights Issue is investment in the SPV, Hare Krishna Creative Realty Private Limited, with a scheduled completion date of FY 2026-27. As of the quarter ended March 31, 2026, this object is reported as ongoing with no delay recorded.

Monitoring Agency Findings

Brickwork Ratings confirmed the following key findings in its First Monitoring Agency Report:

• Deviation from objects: No deviation observed
• Range of deviation: Not Applicable
• Utilisation as per Offer Document: Yes, confirmed through bank statements, CA Certificate, invoices, and company letters
• Change in means of finance: No
• Shareholder approval for material deviations: Not Applicable
• Government/statutory approvals obtained: Yes
• Unfavorable events affecting viability of objects: No
• Favorable events improving viability of objects: No
• Any other material information for investors: No

The Monitoring Agency also confirmed that no amounts were held in the allotment account or monitoring account with HDFC Bank as uninvested proceeds at the end of the quarter.

Regulatory Compliance and Disclosure

The report was prepared in accordance with Schedule XI of the SEBI ICDR Regulations, 2018, and the Monitoring Agency Agreement dated December 12, 2025. Brickwork Ratings declared no direct or indirect interest in or relationship with the issuer, its promoters, directors, or management, and confirmed no conflict of interest in monitoring and reporting the utilisation of issue proceeds. The report was signed by Mr. Niraj Kumar Rathi, Senior Director, Ratings, Brickwork Ratings, and submitted to the National Stock Exchange of India Limited by Nitin Jain, Managing Director of Silgo Retail Limited.