ArisInfra Solutions Files ICRA Monitoring Agency Report for IPO Proceeds Utilisation for Quarter Ended March 31, 2026

ArisInfra Solutions Limited has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, to BSE Limited and the National Stock Exchange of India Ltd, in compliance with Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was prepared by ICRA Limited, the appointed Monitoring Agency, and filed on May 08, 2026. The report confirms that the utilisation of issue proceeds is in line with the objects of the issue, with no material deviation observed.

Issue and Proceeds Overview

The company's Initial Public Offer had an opening date of June 18, 2025, and a closing date of June 20, 2025. ICRA monitored a total proceeds amount of INR 579.600 crore during Q4 FY2026, comprising Pre-IPO proceeds of INR 80.004 crore and IPO proceeds of INR 499.596 crore. The net proceeds as per the prospectus stood at INR 461.442 crore (excluding issue-related expenses), while the actual net proceeds were INR 476.115 crore. The revision in net proceeds is on account of actual offer-related expenditure being lower than estimated by INR 14.672 crore.

Parameter: Details Issue Opening Date: June 18, 2025 Issue Closing Date: June 20, 2025 Type of Issue: Initial Public Offer IPO Issue Size: Rs. 499.596 Crore Pre-IPO Issue Size: Rs. 80.004 Crore Total Monitored Proceeds: INR 579.600 Crore Net Proceeds as per Prospectus: INR 461.442 Crore Actual Net Proceeds: INR 476.115 Crore Difference (Lower Actual Expenses): INR 14.672 Crore

Utilisation of IPO Proceeds — Object-wise Progress

The following table details the object-wise utilisation of IPO proceeds as at the end of Q4 FY2026 (March 31, 2026):

Object: Proposed Amount [Rs. Crore] Utilised at Beginning of Quarter [Rs. Crore] Utilised During Quarter [Rs. Crore] Utilised at End of Quarter [Rs. Crore] Unutilised [Rs. Crore] Issue Related Expenses: 23.482 20.465 1.250 21.715 1.767 Repayment/Prepayment of Borrowings: 204.600 203.185 - 203.185 1.415 Funding Working Capital (Company): 177.000 176.971 - 176.971 0.029 Investment in Subsidiary (Buildmex-Infra): 48.000 47.871 0.128 47.999 0.001 General Corporate Purposes & Inorganic Acquisitions: 46.514 39.271 7.243 46.514 Nil Total: 499.596 487.763 8.621 496.384 3.212

The General Corporate Purpose (GCP) allocation was revised upward from INR 31.842 crore (as per the prospectus) to INR 46.514 crore, reflecting the reduction in offer-related expenses. ICRA noted that the revision of 46% in the GCP amount is on account of actual offer-related expenditure being lower than estimated by INR 14.672 crore, and the revised amount remains within the limit of 25% of Gross Proceeds.

Utilisation of Pre-IPO Proceeds

For the Pre-IPO placement of INR 80.004 crore, the entire amount was designated for general corporate purposes. As at the end of Q4 FY2026, INR 78.107 crore had been utilised cumulatively, with INR 15.685 crore deployed during the quarter, leaving an unutilised balance of INR 1.897 crore.

Parameter: Amount [Rs. Crore] Proposed Amount: 80.004 Utilised at Beginning of Quarter: 62.422 Utilised During Quarter: 15.685 Utilised at End of Quarter: 78.107 Unutilised Balance: 1.897

During Q4 FY2026, utilisation under Pre-IPO proceeds included management development deposits to Natureresidences Real Estate Development Private Limited of INR 3.00 crore and Natureresidences Realtors Private Limited of INR 10.00 crore, both refundable in nature, along with other general corporate purpose expenses of INR 2.685 crore.

Deployment of Unutilised Proceeds

Unutilised Pre-IPO proceeds were deployed primarily in term deposits with IDBI Bank, with a balance also maintained in the Pre-IPO account. The total amount invested stood at INR 1.908 crore, generating earnings of INR 0.004 crore, with a market value of INR 1.912 crore as at March 31, 2026.

Instrument: Amount Invested [Rs. Crore] Maturity Date Earnings [Rs. Crore] ROI (%) Market Value [Rs. Crore] Term Deposit – IDBI Bank: 0.500 11-May-26 0.001 4.35% 0.501 Term Deposit – IDBI Bank: 0.500 11-May-26 0.001 4.35% 0.501 Term Deposit – IDBI Bank: 0.500 11-May-26 0.001 4.35% 0.501 Term Deposit – IDBI Bank: 0.350 27-April-26 0.001 4.35% 0.351 Balance in Pre-IPO Account: 0.058 - - - 0.058 Total: 1.908 0.004 1.912

Unutilised IPO proceeds were deployed in a term deposit with Axis Bank and balances maintained across the GCP account, monitoring account, and Axis sub-account. The total amount invested was INR 3.223 crore, generating earnings of INR 0.026 crore, with a market value of INR 3.249 crore as at March 31, 2026.

Instrument: Amount Invested [Rs. Crore] Maturity Date Earnings [Rs. Crore] ROI (%) Market Value [Rs. Crore] Term Deposit – Axis Bank: 3.000 20-April-26 0.026 4.50% 3.026 Balance in GCP Account: 0.107 - - - 0.107 Balance in Monitoring Account: 0.046 - - - 0.046 Balance in Axis Sub Account: 0.070 - - - 0.070 Total: 3.223 0.026 3.249

Implementation Schedule and Compliance

All objects under both Pre-IPO and IPO proceeds are reported as on schedule as of March 31, 2026, with no delays recorded. Key compliance observations from the monitoring report include:

No material deviation from the objects of the issue was identified.

All utilisation is confirmed to be as per the disclosures in the offer document.

Shareholder approval for material deviations is not applicable, as no material deviation was observed.

The means of finance for disclosed objects has not changed.

No major deviation was observed over earlier monitoring agency reports.

All government and statutory approvals related to the objects have been obtained.

No favorable or unfavorable events materially affecting the viability of the objects were reported.

The report was signed by Parul Goyal Narang, Vice President & Head – Process Excellence at ICRA Limited, and submitted to the stock exchanges by Bhavik Jayesh Khara, Whole-time Director and CFO of ArisInfra Solutions Limited.

Arisinfra Solutions held its Board of Directors meeting on Friday, May 08, 2026, commencing at 01:20 P.M. (IST) and concluding at 01:50 P.M. (IST), wherein the Board considered and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit was conducted by Price Waterhouse Chartered Accountants LLP, the statutory auditors of the company, who issued an unmodified opinion on both the standalone and consolidated financial results. The trading window for dealing in equity shares of Arisinfra Solutions, which had been closed since March 24, 2026, will reopen on Wednesday, May 13, 2026.

Standalone Financial Performance

On a standalone basis, Arisinfra Solutions delivered a strong turnaround in FY26. The company reported revenue from operations of ₹6,557.96 million for the year ended March 31, 2026, compared to ₹5,352.18 million in the previous year. Total income rose to ₹6,954.12 million from ₹5,541.92 million. The company swung to profitability, posting a net profit after tax of ₹249.07 million against a net loss of ₹176.77 million in the prior year. The following table summarises the key standalone financial metrics:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (₹ mn): 2,073.57 1,613.84 1,544.28 6,557.96 5,352.18 Other Income (₹ mn): 217.32 57.77 45.16 396.16 189.74 Total Income (₹ mn): 2,290.89 1,671.61 1,589.44 6,954.12 5,541.92 Total Expenses (₹ mn): 2,095.60 1,629.71 1,645.98 6,622.42 5,665.28 Profit/(Loss) Before Tax (₹ mn): 195.29 41.90 (59.68) 305.91 (197.09) Net Profit/(Loss) After Tax (₹ mn): 149.15 84.55 (56.32) 249.07 (176.77) Basic EPS (₹): 1.95# 0.43# (1.00)# 3.26 (3.14) Diluted EPS (₹): 1.94# 0.43# (1.00)# 3.23 (3.14)

# Figures are for the period and not annualised

Standalone Balance Sheet Highlights

The standalone statement of assets and liabilities as at March 31, 2026 reflects a significant strengthening of the company's financial position. Total assets grew to ₹8,971.50 million from ₹6,082.60 million, driven by an increase in non-current assets to ₹4,037.01 million. Total equity surged to ₹7,164.48 million from ₹2,360.96 million, reflecting the impact of the IPO proceeds. Current borrowings declined sharply to ₹614.19 million from ₹2,993.32 million, underscoring significant deleveraging.

Parameter: March 31, 2026 (₹ mn) March 31, 2025 (₹ mn) Total Assets: 8,971.50 6,082.60 Total Non-Current Assets: 4,037.01 1,278.81 Total Current Assets: 4,934.49 4,803.79 Total Equity: 7,164.48 2,360.96 Current Borrowings: 614.19 2,993.32 Total Liabilities: 1,807.02 3,721.64

Consolidated Financial Performance

On a consolidated basis, Arisinfra Solutions and its subsidiaries reported robust growth. Revenue from operations for the year ended March 31, 2026 stood at ₹10,674.63 million, up from ₹7,676.72 million in the prior year. Total income reached ₹10,799.56 million. Net profit after tax for the group was ₹602.85 million, compared to ₹60.13 million in the previous year. Profit attributable to owners of the holding company was ₹527.04 million. The consolidated results encompass seven subsidiaries — Arisintra Trading Private Limited, ArisUniterm Re Solutions Private Limited, Buildmex-Infra Private Limited, Arisintra Realty Private Limited, White Roots Infra Private Limited, JS Infra Core Private Limited, and Arisintra Construction Materials Private Limited — and one associate, Vishwa Hitay Foundation.

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (₹ mn): 3,433.57 2,708.35 2,211.49 10,674.63 7,676.72 Other Income (₹ mn): 60.63 16.48 30.69 124.93 143.10 Total Income (₹ mn): 3,494.20 2,724.83 2,242.18 10,799.56 7,819.82 Total Expenses (₹ mn): 3,206.77 2,477.44 2,232.44 9,988.26 7,623.55 Profit Before Tax (₹ mn): 287.42 247.39 6.60 785.50 122.54 Net Profit/(Loss) After Tax (₹ mn): 216.50 182.69 (5.12) 602.85 60.13 Basic EPS (₹): 2.59# 1.90# (0.24)# 6.89 0.37 Diluted EPS (₹): 2.58# 1.89# (0.24)# 6.84 0.36

# Figures are for the period and not annualised

Consolidated Balance Sheet Highlights

The consolidated balance sheet as at March 31, 2026 reflects a materially stronger financial position. Total consolidated assets stood at ₹10,414.61 million against ₹6,966.95 million in the prior year. Total equity increased to ₹7,510.20 million from ₹2,357.61 million. Current borrowings were reduced to ₹547.81 million from ₹3,362.84 million.

Parameter: March 31, 2026 (₹ mn) March 31, 2025 (₹ mn) Total Assets: 10,414.61 6,966.95 Total Non-Current Assets: 3,300.92 648.49 Total Current Assets: 7,113.69 6,318.46 Total Equity: 7,510.20 2,357.61 Current Borrowings: 547.81 3,362.84 Total Liabilities: 2,904.41 4,609.34

IPO Proceeds Utilisation

During the year ended March 31, 2026, Arisinfra Solutions completed its Initial Public Offering (IPO) of 2,25,04,324 equity shares with a face value of ₹2 each at an issue price of ₹222 per share, aggregating to gross proceeds of ₹4,995.96 million. The company's equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on June 25, 2025. The utilisation of net IPO proceeds up to March 31, 2026 is summarised below:

Particulars: Gross IPO Proceeds (₹ mn) Utilised upto Mar 31, 2026 (₹ mn) Un-utilised as at Mar 31, 2026 (₹ mn) Repayment/prepayment of outstanding borrowings: 2,046.00 2,031.85 14.15 Funding working capital requirement: 1,770.00 1,769.71 0.29 Investment in Buildmex-Infra Private Limited: 480.00 479.99 0.01 General corporate purposes and inorganic acquisitions: 318.42 465.14 (146.72)* Share issue expenses*: 381.54 217.15 164.39 Total: 4,995.96 4,963.84 32.12

Actual issue related expenses were ₹217.15 million as against estimated expenses of ₹381.54 million. Out of the balance amount of ₹164.39 million, the company utilised ₹146.72 million up to March 31, 2026 for general corporate purposes; the remaining shall be used in future. Unutilised net proceeds are temporarily invested in fixed deposits, term deposits and accounts held with banks.

Scheme of Amalgamation

During the quarter ended March 31, 2026, the Board of Directors approved a Scheme of Amalgamation of Arisunitem Re Solutions Private Limited (Transferor Company) with Arisinfra Solutions Limited (Transferee Company). The appointed date for the scheme is April 1, 2026, or such other date as may be fixed or approved by the competent authority. The proposed scheme is subject to necessary statutory and regulatory approvals, including approval of the jurisdictional National Company Law Tribunal (NCLT). As of the date of adoption of the financial results, the company had filed the proposed scheme with BSE Limited and the National Stock Exchange of India Limited for obtaining No Objection Certificates (NOC), and the process is ongoing.

The results were signed on behalf of the Board of Directors by Ronak K. Morbia, Chairman and Managing Director (DIN: 09062500), and Bhavik Jayesh Khara, Whole-time Director and CFO (DIN: 09095925), from Mumbai on May 08, 2026.

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