Statement of deviation(s) or variation(s) under Reg. 32

Date: 20.10.2026 BSE Limited National Stock Exchange of India Limited Dept. of Corporate Services, Dept. of Corporate Compliances, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block-G, Bandra Kurla Dalal Street, Mumbai- 400 001 Complex, Bandra (E) Mumbai- 400 051 BSE Scrip Code - 544716 NSE Symbol: SRTL ISIN: INE19GK01015 SUB: Submission of statement of Deviation or Variation for proceeds of public issue pursuant to Regulation 32 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for the quarter ended on September 30, 2026. With reference to the captioned subject, please find enclosed a Statement (annexed as Annexure-A) of deviation(s) or variation(s) in the use of proceeds of public issue, pursuant to Regulation 32 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for the quarter ended on September 30, 2026. Please take the same in your records and do the needful. Thanking You. Yours Truly, FOR SHREE RAM TWISTEX LIMITED BHAVESHBHAI BHIKHUBHAI RAMANI MANAGING DIRECTOR DIN: 00534813 SHREE RAM TWISTEX LIMITED Manufacturing of Cotton Yarn Factory & Reg. Office : Survey No. 566P1, B/h, Ramanath Temple, Near Bajrang Cotspin, Umwada Road, Nr. N.H. - 27, At. : Gondal-360 311. Dist. : Rajkot. (Gujarat) INDIA. Contact No. : +91 75100 1200 Email : cs@shreeramiwistex.com CIN : L17120GJ2013PLCO78074 Website : www.shreeramiwistex.com GSTIN : 24AAUCS0352G128 SHREE RAM TWISTEX LIMITED —— ANNEXURE A Statement of Deviation /Vari on in utilization of funds raised Name of listed entity Shree Ram Twistex Limited Mode of Fund Raising Public Issue (IPO) Date. of Raising Funds 1. Allotment Date: 26.02.2026Listing Date: 02.03.2026 Amount Raised Rs 11,024.00 lakh Report filed for Quarter/6 months ended 30.09.2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable Crisil Ratings Limited Is there a Deviation / Variation in use of funds raised YES If yes, whether the same is pursuant to change in terms | YES of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval 01.06.2026 (VOTING RESULT DATE) Explanation for the Deviation / Variation Variation in Object No. 2 (Wind Power Project) only All other object remains same. The Company had originally proposed to set up a 4.2 MW Wind Power Plant comprising 2 Wind Turbine Generators (WTGs) of 2.1 MW each (Model $120_140). However, Estimated Completion Timeframe for 4.2MW is 15 months, which can be completed within 6 months for 3.1MW. Hence, the Company now proposes to install 1 Wind Turbire Generator of 3.1 MW capacity instead of the originally planned 2 WTGs. Accordingly: Revised utilisation for Wind Power Project: X2,511.00 Lakhs. Original allocation: X3,900.00 Lakhs. Surplus amount available for reallocation: ¥1,389.00 Lakhs. Revised Utilisation of Surplus IPO Proceeds The surplus funds arising from the above variation shall be utilised as under: A. Machinery for Expansion Rs.525.74 Lakhs B. Repayment of SBJ Bank Outstanding Rs.863.26 Lakhs . C. Wind Power Project (Revised)Rs.2,511.00 Lakhs TOTAL 3,900.00 Lakhs. Comments of the Audit Committee after review Comments of the auditors, if any _Objects for which funds have been raised and where Net Proceeds of Fresh Issue are proposed tp be, there has been a deviation, in the following table utilised as given below: SHREE RAM TWISTEX LIMITED Manufacturing of Cotton Yarn Factory & Reg. Office : Survey No. 566P1, B/h. Ramanath Temple, Near Bajrang Cotspin, Umwada Road, N7. N.H. - 27, At. : Gondal-360 311. Dist. : Rajkot. (Gujarat) INDIA. Contact No. : +91 75100 1200 Email : cs@shreeramiwistex.com CIN : L17120612013PLCO78074 Website : www.shreeramtwistex.com GSTIN : 24AAUCS0352G128 SHREE RAM TWISTEX LIMITED —— 2 (Amount in Lakhs) ! Original Object Modified | Original | Modified Funds . Amount of Remarks if any | Object, if | Allocatio | allocation Utilised Deviation/Variatio | any n ,if any n for the quarter ‘ according to applicable object ‘ Funding for setting NA 734.55 NIL 734.55 NIL Proceeds fully utilized up of 6.1 MW ‘ as of quarter ended Solar Power Plant March 2026 for captive use Funding for setting YES 3,900.00 | 2511.00 1869.16 '\ 641.84 The Company has up of 3.1 MW Wind | incurred expenses for Power Plant for payment towards captive use | setting up of Wind (refer Note below) L Power ?Iant. Balance Lying in Fixed Deposit- State Bank of India Repayment and/or YES 1,489.00 | 2352.26 2352.26 NIL Towards the repayment pre-payment, in 5 of SBI term loan for the full or part, of spinning plant certain borrowings technological availed by the advancements. Company (refer Note below) Machinery for YES 0 525.74 525.74 , NIL Proceeds fully utilized Expansion as of quarter ended (refer Note below) September 2026 Funding the NA 4,400.00 NIL 4,400.00 NIL Proceeds fully utilized working capital | as of quarter ended requirements of March 2026 the Company Issue expenses NA 500.45 NIL 500.45 NIL Proceeds fully utilized as of quafter ended September 2026 Note: The company has originally proposed to set up a 4.2 MW wind power plant comprising of 2 wind turbine generators of 2.1 MW each. Estimated timeframe of 4.2 MW is 15 months which can be completed within 6 months for 3.1 MW. Hence the company proposed to install a wind turbine generator of 3,1 MW capacity. With this, revised utilization of 3.1 MW wind power project is Rs. 2,511.00 Lakh against Rs. 3,900.00 Lakh for 4.2 MW capacity. During the quarter ended June 30, 2026, the Company has reallocated surplus proceeds of Rs 1,389.00 Lakh from object 2. Out of this, Rs 525.74 Lakh is redirected towards new object 5 i.e. “Machinery for expatision” and Rs 863.26 Lakh towards object 3 i.e. Repayment and/or pre- payment, in full or part, of certain borrowings availed by 6 the Company. As disclosed by the Company in the notice to shareholders dated June 01, 2026, this reallocation was due to change in business and growth strategies, and shift in business environment. SHREE RAM TWISTEX LIMITED Manufacturing of Cotton Yarn Factory & Reg. Office : Survey No. 566P1, B/h. Ramanath Temple, Near Bajrang Cotspin, Umwada Road, Nr. N.H. - 27, At. : Gondal-360 311. % Dist. : Rajkot. (Gujarat) INDIA. Contact No. : +91 75100 1200 Email : cs@shreeramiwistex.com CIN : L17120G)2013PLCO78074 Website: www.shreeramtwistex.com GSTIN: 24AAUCS0352G128 SHREE RAM TWISTEX LIMITED —— 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 FOR, SHREE RAM TWISTEX LIMITED, BHAVESHBHAI BHIKHUBHAI RAMANI Managing Director DIN :00534813 Date: 20-10-2026