Sambhv Steel Tubes Limited submitted a Revised Monitoring Agency Report for the quarter ended March 31, 2026, to the stock exchanges on May 12, 2026. The submission was made pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The revised report supersedes the earlier Monitoring Agency Report submitted by the company on May 09, 2026, with no changes in figures or comments made by the Monitoring Agency in the revised version.

IPO and Monitoring Agency Overview

The report was prepared by CARE Ratings Limited, acting as the Monitoring Agency for the company's Initial Public Offer. The IPO, which was a public issue of equity shares, was open during the period June 25, 2025 to June 27, 2025, and aggregated to Rs. 440 crore. The report covers the utilization of gross IPO proceeds for the quarter ended March 31, 2026, and has been duly noted and approved by the Board of Directors of the company.

IPO Proceeds Utilization — Q4 FY26

The Monitoring Agency confirmed that all utilization of IPO proceeds during the quarter was in accordance with the disclosures made in the Offer Document. No deviation from the stated objects was observed, and the means of finance for the disclosed objects remained unchanged. The report noted that there was no utilization of IPO proceeds in Q3 FY26, and no major deviation was observed over earlier monitoring agency reports.

During Q4 FY26, the company utilized Rs. 1.93 crore toward issue-related expenses. No amount was utilized toward General Corporate Purposes (GCP) during the quarter. The following table summarizes the progress in utilization of IPO proceeds as at the end of the quarter:

Deployment of Unutilized Proceeds

The total unutilized amount of Rs. 1.70 crore from the gross proceeds of the IPO has been parked in the Kotak Mahindra Public Issue Account (account no. 5949967445). The breakdown of the unutilized balance is as follows:

• Public Issue Account with Kotak Mahindra Bank: Rs. 1.75 crore
• Less: Unutilized offer expenses pertaining to Offer for Sale shareholders: Rs. 0.05 crore
• Net Unutilized Proceeds: Rs. 1.70 crore

This has been verified with the Kotak Mahindra Public Offer account bank statement and a Chartered Accountant certificate from S S Kothari Mehta & Co. LLP dated May 04, 2026.

Delay in Implementation and GCP Timeline Extension

The Monitoring Agency noted a delay in the full utilization of proceeds allocated toward General Corporate Purposes. As per the Offer Document, Rs. 22.46 crore under GCP was scheduled to be utilized by end of March 2026. However, as of that date, Rs. 1.50 crore remained unutilized. In accordance with a Board resolution dated April 23, 2026, the timeline for utilization of IPO proceeds under GCP has been extended to September 30, 2026, representing an extension of two quarters. The exact number of days of delay was noted as not ascertainable.

The Revised Monitoring Agency Report, along with the Board's comments, has been made available on the company's website at www.sambhv.com . The submission was signed by Niraj Shrivastava, Company Secretary and Compliance Officer (Membership No. F8459), on behalf of Sambhv Steel Tubes Limited.

Sambhv Steel Tubes has shared the audio recording link for its investor and analyst conference call held on May 11, 2026, pertaining to the audited financial results for the quarter and year ended March 31, 2026. The filing was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was submitted to both the National Stock Exchange of India Limited and BSE Limited on May 12, 2026.

Conference Call Details

The conference call was originally scheduled and held on Monday, May 11, 2026, at 5:00 PM IST, organised in association with Monarch Networth Capital. The call was hosted by senior management to discuss the company's Q4FY26 earnings update. Key details of the call are summarised below:

Audio Recording

Following the conclusion of the conference call, the company has made the audio recording available for investors and analysts. The recording can be accessed at the following link:

Recording Link: https://sambhv.com/uploads/pdf/investors/financial-performance/results/2025-2026/Concall-Q4-2025-26.mp3

Company Management Participating

The following senior executives participated in the earnings call:

The filing was signed by Niraj Shrivastava, Company Secretary and Compliance Officer (Membership No. F8459), on May 12, 2026.