In Continuation to our letter JKCL/SE/2026-27/56 dated October 24, 2026 regarding Outcome of Board Meeting and Unaudited Financial Result (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026, please find enclosed herewith Certificate from the Statutory Auditors on Security Cover, Compliance with all Covenants and book value of assets as at September 30, 2026 in terms of Regulation 54 read with Regulation 56(1)(d) ....

J.K. Cement Limited ~ JKcement CIN: L 17229UP1994PLC017199 Corporate Office Q Prism Tower, Ninaniya Estate, Gwal Pahari, Gurugram, Haryana - 122102, ~ +0124-6919000 Qi corpcom@jkcement.com ~ www.jkcement.com JKCL/SE/2026-27/58 October 24, 2026 BSE Ltd., National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai-400001 Bandra (E), Mumbai-400051 Through: BSE Listing Centre Through: NEAPS Scrip Code: 532644 Scrip Code: JKCEMENT Sub: Outcome of the Board Meeting held today i.e. October 24, 2026 – Asset Cover Certificate Dear Sir/ Madam(s), In Continuation to our letter JKCL/SE/2026-27/56 dated October 24, 2026 regarding Outcome of Board Meeting and Unaudited Financial Result (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026, please find enclosed herewith Certificate from the Statutory Auditors on Security Cover, Compliance with all Covenants and book value of assets as at September 30, 2026 in terms of Regulation 54 read with Regulation 56(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. You are requested to kindly take the above on record. Thanking you. Yours faithfully, For J. K. Cement Limited Bhumika Sood Company Secretary & Compliance Officer Encl: As above waiitttax JKSUper LRQ/\ Registered Office - cement - White Cement Based Putty CERTIFIED Q Kamla Tower, Kanpur-208001, U.P., India BUILD STRONG ~ +91-512-2371478to85 M Nia mn bu afa hc et ru ar ,i n Mg a U nn gi rt os l ,a Gt: otan (Rajasthan) I Muddapur (Karnatakal ~ +91-512-2399854 Jharli IHaryana) I Katni, Panna, Ujjain IM.P.) I Prayagraj, Aligarh, Hamirpur (U.P.l Balasinor (Gujarat) I Buxar (Bihar) I Fujairah IUAE) I Ampavali, Choudwar iOdisha) S.R. BATLIBOI & Co. LLP 67, Institutional Area Sector 44, Gurugram -122 003 Haryana, India Chartered Accountants Tel: +91 124 681 6000 Independent Auditor’s Report on book values of the assets and compliance with respect to financial covenants as at September 30, 2026 for submission to Debenture Trustee The Board of Directors J.K. Cement Limited Kamla Tower, Kanpur- 208001, Uttar Pradesh 1. This Report is issued in accordance with the terms of service scope letter agreement dated July 15, 2026 and master engagement agreement dated July 25, 2022 with J.K. Cement Limited (hereinafter the “Company”). 2. We S.R. Batliboi & CO. LLP, Chartered Accountants, are the Statutory Auditors of the Company and have been requested by the Company to examine the accompanying Statement on ‘book value of assets and compliance status of financial covenants’ for Listed, rated, secured, non-convertible, non-cumulative, redeemable, debentures (hereinafter the “debentures”) as at September 30, 2026 (hereinafter the “Statement”) which has been prepared by the Company from the Board approved unaudited standalone financial results, underlying books of account and other relevant records and documents maintained by the Company as at and for the quarter ended September 30, 2026 pursuant to the requirements of SEBI Master Circular for Debenture Trustees dated September 28, 2026 (hereinafter referred to as the “SEBI Master Circular”). This Report is required by the Company for the purpose of submission with IDBI Trusteeship Services Limited (hereinafter the “Debenture Trustee”) of the Company to ensure compliance with the SEBI Circular in respect of its debentures of face value of Rs. 1 lacs each, having original issue amount of Rs. 100 crores against which book value as at September 30, 2026 is Rs. 37.5 crores (cumulatively hereinafter the “NCD’s”). The Company has entered into an agreement with the Debenture Trustee vide agreement dated March 20, 2023 in respect of such NCD’s (hereinafter the “Debenture Trust Deed”). Management’s Responsibility 3. The preparation of the Statement is the responsibility of the Management of the Company including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility includes the design, implementation, and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 4. The Management of the Company is responsible for ensuring that the Company complies with all the relevant requirements of the SEBI Circular and SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 including providing all relevant information to the Debenture Trustee and for complying with all the financial covenants as prescribed in the Debenture Trust Deed which are stated in Part B and Part C of the Statement. S.R. Batllbol & Co LLP, a Limited Llablllty Partnership with LLP Identity No. AAB-4294 Regd. Office : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016 S.R. BATLIBOI & Co. LLP Chartered Accountants Auditor’s Responsibility 5. It is our responsibility to provide a limited assurance and conclude as to whether the: (a) Book values of the assets as included in Column C to J of Part A of the accompanying Statement are in agreement with the books of account underlying the unaudited standalone financial results of the Company as at September 30, 2026; and (b) Company is in compliance with financial covenants as mentioned in Part B & C of the Statement as on September 30, 2026. 6. We have performed a limited review of the unaudited standalone financial results of the Company as at and for the quarter ended September 30, 2026 prepared by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and issued an unmodified conclusion with emphasis of matter paragraph vide our review report dated October 24, 2026. Our review of those financial results was conducted in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India (“ICAI”). 7. We conducted our examination of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the ICAI (the “Guidance Note”). The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. 8. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements. 9. Our scope of work did not involve us performing audit tests for the purpose of expressing an opinion on the fairness or accuracy of any of the financial information or the financial results of the Company taken as a whole. We have not performed an audit, the objective of which would be the expression of an opinion on the financial results, specified elements, accounts or items thereof, for the purpose of this report. Accordingly, we do not express such opinion. 10. A limited assurance engagement includes performing procedures to obtain sufficient appropriate evidence on the applicable criteria, mentioned in paragraph 5 above. The procedures performed vary in nature and timing from, and are less extent than for, a reasonable assurance. Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Accordingly, our procedures included the following in relation to the Statement: a) Obtained the Debenture Trust Deed and read the relevant clauses containing details of assets pledged by the Company against the NCDs issued by the Company; b) Obtained the Board approved unaudited standalone financial results of the Company as at and for the period ended September 30, 2026; S.R. BATLIBOI [Showing first 8,000 characters — download PDF for full document]