Nil Deviation Report

VARROC/SE/INT/2026-27/78 October 2, 2026 The Manager- Listing The Manager – Listing The Listing Department, The Corporate Relation National Stock Exchange of India Department, Limited BSE Limited Exchange Plaza, Plot No. C/1, G Phiroze Jeejeebhoy Towers, Block, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai-400051. Mumbai-400001. NSE Symbol: VARROC BSE Security Code: 541578 Sub.: Submission of Statement/ confirmation w.r.t. utilization of issue proceeds under Regulation 32 & 52(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/Madam, As required under Regulation 32 and 52 of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, the Company hereby confirms that there has been NO deviation/ variation in the utilization of proceeds / fund raised amounting to Rs. 50 Cr by way of Commercial Paper in Q2 FY 2026-27 from the object stated in its offer document/General Information Document. The issue proceeds of Commercial Paper have been fully utilized for the purpose stated its offer document/General Information Document. Please find enclosed the Statement of NIL deviation(s) or variation(s) for the quarter ended September 30, 2026, in prescribed format, as Annexure A. Apart from this, there’s no other fund-raising activity during the quarter under during the quarter ended September 30, 2026. Request you to kindly take the same on records. Thanking you, For Varroc Engineering Limited Anil Ghatiya Company Secretary & Compliance Officer Name of listed entity Varroc Engineering Limited Mode of Fund Raising Commercial Paper Date of Raising Funds September 24, 2026 (Date of allotment of Commercial Paper) Apart from this during the Quarter ended September 30, 2026, there’s no-any other issue or fund-raising activity Amount Raised ₹ 50.00 Crores Report filed for Quarter ended September 30, 2026 (FY 2026-27) Monitoring Agency Not applicable Monitoring Agency Name, if applicable Not applicable Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in Not applicable terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not applicable Explanation for the Deviation / Variation Not applicable Comments of the Audit Committee after review Not applicable Comments of the auditors, if any Not applicable Objects for which funds have been raised and where there has been a deviation, in the following table: NOT APPLICABLE Original Object Modified Object, if Original Modified Funds Amount of Deviation/Variation Remarks if any any Allocation allocation, if any Utilised for the quarter according to applicable object Not applicable Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc. Is there a Deviation / Variation No in use of funds raised