ArisInfra Solutions Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, under SEBI Regulation 32(6) regarding the utilization of IPO proceeds. The report, prepared by ICRA Limited as the appointed monitoring agency, confirms that the company's fund utilization remains aligned with the disclosed objects of the issue without any material deviations.

Issue Details and Proceeds

The company completed its Initial Public Offer during June 18-20, 2025, raising INR 499.596 crore. Additionally, a Pre-IPO placement contributed INR 80.004 crore, bringing the total monitored proceeds to INR 579.60 crore for Q3FY26.

The actual net proceeds exceeded the prospectus estimate by INR 7.429 crore due to lower-than-expected issue-related expenses, which decreased from INR 38.154 crore to INR 30.725 crore.

Fund Utilization Objectives

The IPO proceeds are being deployed across four primary objectives as outlined in the offer document:

The revision in general corporate purposes allocation from INR 31.842 crore to INR 39.271 crore represents the unutilized expense amount being redirected as permitted under the offer document terms.

Quarterly Progress and Deployment

During Q3FY26, the company utilized INR 25.465 crore from IPO proceeds across various objectives. The total unutilized IPO amount stands at INR 11.833 crore as of December 31, 2025. For Pre-IPO proceeds, the company reported negative net utilization during the quarter due to refunds totaling INR 11.000 crore, including:

• INR 1.000 crore refund from management deposit with Natureresidences Real Estate Development Private Limited
• INR 10.000 crore full refund of earnest money deposit from Call Express Construction

Investment of Unutilized Funds

The company has deployed unutilized proceeds in term deposits and maintains balances across various designated accounts:

IPO Proceeds Deployment:

Pre-IPO Proceeds Deployment:

Compliance and Timeline Status

ICRA Limited confirmed that all utilization aligns with offer document disclosures, with no shareholder approval required for deviations. The monitoring agency reported no unfavorable events affecting project viability and confirmed that all statutory approvals have been obtained. All objects remain on schedule according to the planned timeline, with debt repayment and general corporate purposes targeted for FY2026, while working capital funding extends through FY2027.

The report demonstrates the company's adherence to regulatory requirements and transparent deployment of raised capital according to stated objectives, providing investors with detailed visibility into fund utilization progress.

Arisinfra Solutions Limited has announced securing a substantial ₹63.00 crore ready-mix concrete order through its subsidiary Buildmex from LD Patel Group on January 22, 2026. The announcement was made through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Strategic Significance

The concrete supply order represents a major business development for Arisinfra Solutions, strengthening its execution footprint in core construction materials. The engagement reflects the market's confidence in the company's ability to support high-intensity construction activity through its disciplined, partner-led operating model.

Client Profile and Market Position

LD Patel Group operates as a well-established civil contracting firm with extensive experience in delivering large and complex construction projects. The group serves a diverse client base including:

• Developers and real estate companies
• Corporate entities
• Institutional clients
• Government bodies across India

The partnership demonstrates LD Patel Group's confidence in Arisinfra's operational capabilities and delivery standards for critical construction materials.

Operational Approach and Execution Model

Arisinfra Solutions employs a distinctive asset-light approach to construction material supply, focusing on operational excellence rather than asset ownership. The company's execution model encompasses several key elements:

• Production planning and quality control systems
• Delivery sequencing and logistics coordination
• On-site coordination and support services
• Technology-enabled operating controls

This networked approach allows the company to align partner capacity with operational controls, ensuring predictable outcomes without the capital intensity of owning plants or fleets.

Company Background

Arisinfra Solutions Limited operates as India's first listed company offering an organized construction material supply and services network. The company brings together fragmented suppliers and manufacturers to serve large developers and contractors reliably. With a strong presence across high-growth regions, Arisinfra serves a wide spectrum of infrastructure and real estate clients, delivering value through operational efficiency, material supply exclusivity, and high-margin service offerings.

The latest order marks another step in Arisinfra's expansion across execution-critical material categories, scaling operational capability and trusted delivery through its established network rather than through asset accumulation.