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Ellenbarrie Ind. Gas - Monitoring Agency Report

Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (""SEBI Listing Regulations""), read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report issued by Crisil Ratings Limited, for the quarter ended September 30, 2025, in respect of utilization of gross proceeds of the IPO of the Company.