Subject: Monitoring Agency Report for the Qtr/half year ended on March 31, 2025- in relation to utilization of funds raised through Initial Public Issue of Grand Continent Hotels Limited ( the Company ) -SME Listed CompanyDear Sir/ Madam,Pursuant to Regulation 32(6) & (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 41 (4) and 262(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time, we are enclosing herewith the Monitoring Agency Report dated May 13, 2025 issued by M/s. Acuite Ratings & Research Limited (Monitoring Agency), for the Qtr./ half year ended March 31, 2025 in respect of the utilization of proceeds of the Initial Public Offer of the Company.The said information is also being made available on the website of the Company at www.grandcontinenthotels.com.