Please find enclosed the statement for the quarter ended 30th September 2026.

CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013, India T: +91 22 2423 7777 W: www.cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Our Ref: COSEC/104/2026-27 23rd October, 2026 By portal The Corporate Relationship Department The Assistant Manager - Listing BSE Limited National Stock Exchange of India Ltd. 1st Floor, New Trading Ring Exchange Plaza, Bandra-Kurla Complex, Rotunda Building, Bandra (East), Phiroze Jeejeebhoy Towers, Mumbai 400 051 Dalal Street, Mumbai 400 001 Scrip Code: 500093 Scrip Id: CGPOWER Dear Sir/Madam, Sub: Statement on Deviation or Variation in utilisation of Funds raised through QIP for the quarter ended 30th September 2026. Pursuant to the provisions of Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed as “Annexure A”, the statement confirming that there is no deviation or variation in the utilisation of these proceeds for the quarter ended 30th September 2026, duly reviewed by the Audit Committee in their Meeting held today i.e. Friday, 23rd October 2026 We would appreciate if you could take the same on record. Thanking you. Yours faithfully, For CG Power and Industrial Solutions Limited Sanjay Kumar Chowdhary Company Secretary and Compliance Officer Encl.: As above Annexure A Statement of Deviation or Variation in utilization of the funds raised through Qualified Institutions Placement Statement of Deviation / Variation in utilisation of funds raised Name of listed entity CG Power and Industrial Solutions Limited Mode of Fund Raising Public Issues / Rights Issues / Preferential Issues / QIP / Others Date of Raising Funds Issue open date: 30th June 2025 Issue closing date: 3rd July 2025 Date of allotment of equity shares: 4th July 2025 Amount Raised Rs. 3,000 Crores Report filed for Quarter ended 30th September 2026 Monitoring Agency applicable / not applicable Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation / Variation in use of funds raised Yes / No If yes, whether the same is pursuant to change in 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 Comments of the Audit Committee after review Comments of the auditors, if any Objects for which funds have been raised and where there has been a deviation, in the following table: Original Object Modified Original Modified Funds Amount of Deviation/Variation Remarks Object, if Allocation (Rs. allocation, if Utilised (Rs. for the quarter according to if any any in Crores) any in Crores) applicable object Investment in our Subsidiary, CG Semi Not 1,062.85 Not applicable 184.67 0.00 Private Limited, for funding capital Applicable expenditure requirements in relation to setting up an OSAT facility Funding capital expenditure Not Not applicable requirements and strategic initiatives of Applicable our Company for the following: a) setting up of a power transformer 601.78 399.46 0.00 plant; b) development of a leasehold land; 255.20 - 0.00 Acquisitions and inorganic growth Not 330.00 Not applicable 0.00 opportunities by our Company Applicable General corporate purposes Not 724.14 Not applicable 50.23 0.00 Applicable Total 2,973.97 634.36 Note: Issue related expenses being Rs. 26.03 crores have been adjusted from the Gross Proceeds of Rs. 3,000 crores and therefore, the Net Proceeds are Rs. 2,973.97 crores. 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 CG Power and Industrial Solutions Limited Sanjay Kumar Chowdhary Company Secretary and Compliance Officer