Statement of nil Deviation or variation as per Regulation 32 of SEBI(LODR) Regulations, 2015 for the quarter ended June 30, 2026

Date: July 25, 2026 The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Listing department, Bandra-Kurla Complex, First floor, PJ Towers, Bandra (E), Mumbai 400 051 Dalal Street, Fort Mumbai 400 001 Symbol: FIVESTAR Scrip code: 543663,974905,975246,975598 Sub: Statement of nil Deviation or variation as per Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended June 30, 2026. Dear Sir/ Madam Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (SEBI LODR Regulations), we hereby confirm that during the quarter ended June 30, 2026 there are no deviation or variation in the utilisation of proceeds of issuance of convertible share warrants from the objects stated in the notice dated August 17, 2024 read with corrigendum dated September 9, 2024 calling Annual General Meeting of the Company on September 13, 2024. A statement of nil deviation or variation, if any for the quarter ended June 30, 2026, pursuant to Regulation 32 of SEBI LODR Regulation duly reviewed by the Audit Committee is enclosed. Kindly take the above information on record. For Five-Star Business Finance Limited Vigneshkumar SM Company Secretary & Compliance Officer STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC. Name of listed entity Five-Star Business Finance Limited Mode of Fund Raising Preferential Issue of Share Warrants Date of Raising Funds October 24, 2024 – Allotment of 4,10,000 convertible share warrants March 24, 2026 – Conversion of 3,10,000 share warrants into equity shares Amount Raised Total issue size - INR 31,57,00,000 (Indian Rupees Thirty-One Crore Fifty-Seven Lakh only) comprising of 4,10,000 share warrants of 770/- each Tranche Amount raised Upfront consideration INR 7,89,25,000 (Indian (25% of total issue size) Rupees Seven Crore received towards Eight Nine Lakh allotment of 4,10,000 Twenty-Five Thousand) share warrants of INR 770/- per warrant on October 24, 2024 Balance consideration, INR 17,90,25,000 (Indian (75% of total issue size) Rupees Seventeen Crore received towards Ninety Lakh Twenty- conversion of 3,10,000 Five Thousand only) share warrants of INR 770/- each on March 24, 2026 Report filed for Quarter ended June 30, 2026 Monitoring Agency Not applicable Monitoring Agency Name, if applicable Not applicable Is there a Deviation / Variation in use of funds No raised 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 Objects for which funds have been raised and where there has been a deviation, in the following table Amount of Deviation/ Modified Modified Remar Original Original Variation for Object, if allocation, Funds Utilised ks if Object Allocation the quarter any if any any according to applicable object Not Applicable 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. Notes 1. The company has fully utilised the upfront consideration of INR 7,89,25,000 (Indian Rupees Seven Crore Eight Nine Lakh Twenty-Five Thousand Only) received towards allotment of share warrants made October 24, 2024, for the objects or purpose for which the funds have been raised. 2. During the quarter ended June 30, 2026, the Company has fully utilised the balance consideration of INR 17,90,25,000 (Indian Rupees Seventeen Crore Ninety Lakh Twenty-Five Thousand only) received from respective allottees towards conversion of 3,10,000 share warrants of INR 770/- each made on March 24,2026, for the objects or purpose for which the funds have been raised. 3. Balance 1,00,000 option has been lapsed since warrant holder has not exercised the option within stipulated timeline.