Statement of Deviation and Variation as per Clause 32(1), (2) and (3) for the quarter ended on 30th September, 2026 under the SEBI (Listing Obligation and Disclosure Requirements) 2015, duly reviewed and approved by Audit Committee and Board of Directors held on 19th October, 2026

Ref: MDL/SECT/BSE Date: 19th October, 2026 M/s. BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001 Sub.: Statement of Deviation and Variation as per clause 32 (1), (2) and (3) for the quarter ended 30th September, 2026 under the SEBI (Listing Obligation and Disclosure Requirements), 2015. Ref: Scrip Name: Modern Dairies Ltd., Scrip Code: 519287 & ISIN: INE617B01011 Dear Sir/Madam, Please find enclosed herewith Statement of Deviation and Variation as per Clause 32 (1), (2) and (3) for the quarter ended 30th September, 2026 under the SEBI (Listing Obligation and Disclosure Requirements), 2015. The said statement was reviewed by Audit Committee and Board of Directors in their meeting held on 19th October, 2026. This is for your information. Thanking you Yours truly, For MODERN DAIRIES LIMITED SHRUTI JOSHI COMPANY SECRETARY AND COMPLIANCE OFFICER Encl.: As above WODER5, (A MODERN DAIRIES LYD. Corporate Office : 98 99, Sub City Ce rh - 160 022 (INDIA) Tel.: + Y 509002, Fax 117226 0 Email : in derndai com, CIN : L74899HR1992PLC032998 . B DA }UR ]LES Regd. Office & Works : PB No. 3, 135 KM, G.T. Road, Karnal 132001 (Haryana) Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (Amount in Lakhs) Mode of Fund Raising Preferential Issues [ Dé's'ciription of mode of fund raising - NA (Applicable in case of others is selected) - | Date of Raising Funds 13-03-2025 Amount Raised B 1075.00 i ~ Report filed for Quarter ended B 30-09-2026 | M i NA ) mnnonng Agenic;lifiérr'rie, if applicable NA Is there a Deviation / Variation in use of funds raised | No- If yes, whethe_r the same is pursuant to change in terms of a NA contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval NA ) Exble{nation for the Deviation / Variation - ) NA ,,,99&‘ v énts of the Audit Committee after review No Comments Commentosf the gigqurs, if any ) o No Comments Objects for which funds have been raised and where there has been a deviation, in the following table:- (Amount in Lakhs) Original Object Modified | Original | Modified | Funds Amounotf Object, if| Allocation | allocation, | Utilised |D eviation/Variation any if any for the quarter according to applicable B : objec|t Requirement of Long Term NA 4300 - 1075 - Funds to strengthen Capital base and utilisation for the Operations of the Company _ -~ Name of Signatory Mr. Krishan Kumar Goyal Designation Chairman & Managing Director Place Chandigarh Date 19.10.2026 MODERN DAIRIES LTD. CTeulr.p :o ru1'91e Offic172e-26 C 01 i 2h , FaC xen :t re, 1911 0j igarh - 160 922 (INDIA rndairies.com, CIN : L74899HR1992PLC032998 Emml. fo ) Regd. Office & Works : PB No. 3, 1356 KM, G.T. Road, Karnal- 132001 (Haryana) Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. o N B B -~ (Amount in Lakhs) Mode of Fund Raising Others |D escription of mode of fund raising o Conversion of Warrants to (Applicable in case of others is selected) Equity Shares of the Company Date of Raising Funds . 20-03-2025 Amount Raised ~862.50 Report filed for Quarter ended 30-09-2026 Monitoring Agency ) NA Momtormg Agel ame, if applicable | NA B Is there a Devi Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the NA shareholders If Yes, Date of shareholder Approval NA Explanétlén for the Deviation / Variation ) - . NA - Comments of the Audit Committee after review ) No Comments Comments of the audltors, if any ;__ No Comments Objects for which funds have been raised and where there has been a deviation, in the following table: (Amount in Lakhs) Original Object Modified| Original | Modified | Funds Amount of Object, if | Allocation| allocation, | Utilised | Deviation/Variation any if any for the quarter according to applicable — _ HE object Requirement of Long Term NA 862.50 - 862.50 - Funds to strengthen Capital base and utilization for the Operations of the Company Name of Signatory Mr. Krishan Kumar Goyal Designation Chairman & Managing Director Place Chandigarh Date 19.10.2026 MODERN DAIRIES I.TD C 4, Chandigarh 2 Fax: 191 172.2609000 Email i 899HR1992PLC032998 DAM l’[ ]h Regd. Office & Works : PB No. 3, 136 KM, G.T. Road, Karnal-132001 (Haryana) Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. o (Amount in Lakhs) Mode of Fund Raising Others Description of mode of fund raising Conversion of Warrants to | (Applicable in case of others is selected) Equity Shares of the Company Date of Raising Funds 26-02-2026 & 27-02-2026 Amount Raised 1050.00 Report filed for Quarter ended 30-09-2026 Monitoring Agency - NA Monitoring Agency Name, if applicable NA Is there a Devia/ tVariiaotinon in use of funds raised i No If yes, whether the same is pursuant to changei n terms of a contract or objects, which was approved by the NA shareholders If Yes, Date of shareholder Approval NA Explanauon for the Deviation / Vanatlon NA Comments of the Audit Committeea fter review No Comments | Comments of the auditors, if any No Comments Objects for which funds have been raised and where there has been a deviation, in the following table: (Amount in Lakhs) Original Object [Modified[ Original | Modified Funds Amount of | Object, if |Allocation| allocation, Utilised | Deviation/Variation any if any for the quarter according to applicable object Requirement of Long Term NA 1050.00 - 1050.00 - Funds to strengthen Capital base and utilisation for the (Operations of the Company Name of Signatory Mr. Krishan Kumar Goyal Designation Chairman & Managing Director Place Chandigarh Date 19.10.2026 MOBDERN DAIRIES LTD. garh - 160 022 (INDIA Corporate Office : 95 ¢ Tel.: +91 172-26¢ Email : info@m 032998 Regd. Office & Works : PB No. 3, 135 KM, G.T. Road, Karnal-132001 (Haryana) Extement ;;1 Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. o . (Amount in Lakhs) Mode of Fund Raising Others Descriptioonf mode of fund raising Conversion of Warrants to (Applicable in case of others is selected) Equity Shares of the Company Date of Raising Funds 24'08'2058_'0%2%3;026 o Amount Raised - ] 1312.50 Report filed for Quarter ended N 30-09-2026 7M)n|tonné }ig;ncy NA Monitoring Agency Name, if applicable N | Is there a Deviation / Variation in use of funds raised | No | If yes, whether the same is pursuant to change in terms | of a contract or objects, which was approved by the NA shareholders o o If Yes, Date of shareholder Approval NA Explanation for the Deviation / Variation I ) NA B B Comments of the Audit Committee after review No Comments Comments of the auditors, if any B No Comments Objects for which funds have been raised and where there has been a deviation, in the following table: (Amount in Lakhs) Original Object Modified | Original | Modified | Funds Amount of Obiject, if| Allocation| allocation, | Utilised | Deviation/Variation any if any for the quarter according to applicable object Requirement of Long Term NA 1312.50 - 733.69 - Funds to strengthen Capital base and utilisation for the Operations of the Company Name of Signatory Mr. Krishan Kumar Goyal Designation Chairman & Managing Directo Place Chandigarh Date 19.10.2026