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

Date: 21/10/2026 To, To, The Listing Compliance Department, The Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, P. J. Tower, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 534809 Symbol: PCJEWELLER Sub.: Statement of deviation or variation in the utilization of issue proceeds for the quarter ended September 30, 2026 Dear Sir / Madam, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’), we hereby confirm that there is no deviation or variation in the utilization of proceeds of the preferential issues of fully convertible warrants and equity shares, from the objects stated in the Explanatory Statement to the Postal Ballot Notice dated July 10, 2025 read with Corrigendum to the Postal Notice dated August 01, 2025. During the quarter ended September 30, 2026, the conversion of all 9,72,22,222 fully convertible warrants allotted to Shri Balram Garg (Promoter & Managing Director) into an equal number of equity shares at an issue price of ₹ 18/- per share was successfully completed following the receipt of the balance 75% consideration. During the quarter ended September 30, 2026, the Company fully utilized the entire proceeds received from the above said preferential issues. The statement of deviation or variation for the quarter ended September 30, 2026, duly reviewed by Audit Committee, is enclosed herewith in compliance with Regulation 32 of LODR Regulations. Kindly take the same on record. Thanking you, For PC Jeweller Limited (VISHAN DEO) Executive Director (Finance) & CFO DIN: 07634994 Encl.: As above PC Jeweller Limited Regd. Office : 2713, 3rd Floor, Bank Street, Karol Bagh, New Delhi-110005 Ph. : 011 - 49714971 Fax : 011 – 49714972 info@pcjeweller.com • www.pcjeweller.com • CIN : L36911DL2005PLC134929 Statement of deviation or variation in utilization of issue proceeds Name of listed entity PC Jeweller Limited Mode of Fund Raising Preferential Issue Date of Raising Funds July 30, August 03, September 22, September 23, September 24, 2026 2026 2026 2026 2026 Amount Raised (₹ in Crores) 41.24 14.92 10.00 16.00 49.09 Report filed for Quarter ended September 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CARE Ratings Limited 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 None Comments of the Auditors, if any None Notes: 1) Pursuant to the shareholders’ approval dated August 10, 2025 and In-Principle Approvals of BSE Limited and National Stock Exchange of India Limited dated September 09, 2025, the Company on September 18, 2025 allotted 9,72,22,222 Fully Convertible Warrants (“Warrants”) on receipt of 25% of the issue price of ₹ 18/- per Warrant to the ‘Promoter’ and 18,05,55,555 equity shares on receipt of the issue price of ₹ 18/- per share to an entity belonging to ‘Non-Promoter, Public Category’. During the quarter ended September 30, 2026, the conversion of above said Warrants was completed and the Company allotted total 9,72,22,222 equity shares in five tranches upon their conversion on receipt of balance 75% of the issue price per Warrant aggregating to ₹ 131.25 crore. 2) The dates of allotment of equity shares upon conversion of Warrants during the quarter have been taken as the dates of raising funds. Objects for which funds have been raised and where there has been a deviation, in the following table: (₹ in Crore) Date of raising funds 30/07/2026, 03/08/2026, 22/09/2026, 23/09/2026, 24/09/2016 Original Object Repayment of banker’s Working Capital Issue Related outstanding debts Requirement Expenses including interest thereon Modified Object, if any NA NA NA Original Allocation 434.27 65.33 0.40 Modified allocation, if any 434.42 65.22 0.36 Funds Utilized 434.42 65.22 0.36 Amount of Deviation / Variation for the quarter according Nil Nil Nil to applicable object Remarks, if any Fully utilised Fully utilised Fully utilised Notes: 1) During the quarter ended September 30, 2026, the Company adjusted the original allocation amount towards the intended objects within the permissible variation range of ±10% through Board approval in terms of BSE Notice No. 20221213-47 dated December 13, 2022 and NSE Circular No. NSE/CML/2022/56 dated December 13, 2022 and the approval of shareholders dated August 10, 2025. However, the aggregate of original allocation and modified allocation remains the same. 2) During the quarter ended September 30, 2026, the Company received ₹ 131.25 crore upon conversion of Warrants and utilized ₹ 131.26 crore including ₹ 0.01 crore lying unutilized in Monitoring Account at the beginning of the quarter. 3) Funds utilized represents the total amount utilized till September 30, 2026 including the amount utilized during the previous quarters. During the quarter, the Company fully utilized the entire issue proceeds received. For PC Jeweller Limited (VISHAN DEO) Executive Director (Finance) & CFO DIN: 07634994 PC Jeweller Limited Regd. Office : 2713, 3rd Floor, Bank Street, Karol Bagh, New Delhi-110005 Ph. : 011 - 49714971 Fax : 011 – 49714972 info@pcjeweller.com • www.pcjeweller.com • CIN : L36911DL2005PLC134929