Statement of Deviation and variation for the quarter ended 30.09.2026

tsxpo Expo Engineering and Projects Ltd. (Formerly known as Expo Gas Containers Ltd.) Expo house, 150 Sheriff Devji Street, Mumbai400 003, lndia Tel.: +91 22 6131 9600 Website : www.expoepl.com CIN NO.: 140200MH 1 9B2PLC027 837 Ref: C :/ Expo/B se/2 0 2 6- 2 7 30tr' Octobe12026 T'he Stock Exchange, Mumbai Deparhnent of Corporate Services Plliroze eebhoy Towers, Jeej Dalal Sh'eet, Murnbai - 400 001 Ref: Security code no.52661"4 Sub.: Reg. 32 of The SEBI (LODR) Regulations,2015 (Statement of Deviation or Variation for proceeds of preferential issue for the quarter ended 30.09.2026 Pursuant to Regulation 32(1) of SEBi (LODR) Regulations, 2015, and SEBI Circular No. CIRICFDiCMD 11762/201,9 datecl December 24,2019 issued by the SEtsI, we herr:by confirm that there is no deviation or variation ilr the utilization of'proceecls raised through Preferential issue of convertible warrants from tl-re ot-rjects rnentionecl in notice along with the explanatory staternent of notice datecl 04t1ì June,2025 read with corrigendurn d¿rtecl 21'tJtne,2025 calling Extra Orclin;rry General lvleeting of the Company on27tt June,2025 We are pieased to submit NIL Statement of deviation anci further, there is no rnociification in the project ancl tlre furrcl utilizecl fol tl're Quarter ended 30th September, 2026.putsuant to Regulation 32 of SEBI LODI{ Regulation cluly reviewed by the Audit Comrnittee is enclosed. The above statement will also be rnacle available on the website of tl're Company at www.expogas.com You are lequestecl to kindly take note of the above information. Thanking you, Very truly youls, For Expo Engineering and Projects Limited (Formerly known as Expo Gas iners Limited) Hasanain Mew Managing Director (DrN 00125472) ASME, '[J" 'R" 'NB' IBR, PESO Factory : Plot No. A-10, MIDC Murbad Dist. Thane 421401, Maharashtra, lndia Expo Engineering and Projects Ltd. (Formerly known as Expo Gas Containers Ltd.) Expo house, 150 Sheriff Devji Street, Mumbai400 003, lndia Tel.: +91 22 6131 9600 Website : ww\¡v.expoepl.com CIN NO.: 140200MH1 982PLC027 837 Statement ooff Deviation/ variation in utilization of funds raised- Annexure- A Name of listed entity Expo Engineering and Projects Lirnited Mocle of Funcl Raising Preferential Issue of Convertible Warrar-rt 3'1,,45,715 (Thirty-One Lakl-r Forty-Five Thousand Seven Hundred and Fifteen only) Convertible warrant into equity shares of the Company having face value of Rs. 4/- (Rupees Four) each at a price of Rs. 70/ - per warrant (including premium of Rs. 66/- per warrant) aggregating to Rs. 22,02,00,050 (Rupees Twenty-Two Crore Two Lakh Fifty Only) to prornoter and non-promoter category on preferential basis Date of Raisins Funds 26th September,2025 Amount Raised 22,02,00,050 (Rupees Twenty-Two Crore Two Lakh Fifty Only) The above is the total issue size. However, the company has received following sums during the quarter ended 30th September,2025 1. 25% of the issue i.e Rs.5,50,50012.5(Five Crore Fifty Lakh Fifty thousand twelve only) (Rs.17.50per warrant Íor 3L,45,715warrants) as upfront consideration/ subscription arnount; and 2. Balance 75% (Rs. 52.50 per warrant) will be received as when the conversion option is exercisecl by the warrant holder to convert warrant into equity shares during the tenure of 18 months of the warrants. During the quarter ended 30t1. Septernber,2026 company has received balance 7S%amounts towards conversio¡r of warrùts into equity shares of the Com n Date of Particulars No. of Fully converted Conversion warrant converted into eouitv 11.08.2026 Murtuza S Mewawala 1,3,32,856 Hasanain S. Mewawala 1,,4L,429 Aeeis Investment Fund PCC 14,14,285 20.08.2026 Mumtaz Nathani 85,7'1,5 Fully converted Neelam Salim Bachooali 85,715 Yasmin Merchant 85,71.5 Total ríit,4s,z15 Æ ,o*nffi By tthhis paid-up capital of the company has been increased to R> s, .s.10 ,. 33 77. ,6 68 8.4 ,46 61t 0 // - AÈIY|E, l.r Ff ,l\lÞ Report filed for Ouarter ended 30il September,2026 IFlÞ DtrqN Factory : Plot No. A-10, MIDC Murbad Dist. Thane 421401, Maharashtra, lndia Expo Engineering and Projects Ltd. (Formerly known as Expo Gas Containers Ltd.) Expo house, 150 Sheriff Devji Street, Mumbai400 003, lndia Tel.: +91 2261319600 Website: www.expoepl.com CIN NO.: L40200MHl 982PLC027837 Monitorins Aqencv NA Monitoring Agency Name, If NA Applicable Is there a Deviation / Variation No in use of funds raised If yes, whether the same is Not Applicable pursuant to change in terms of a contract or objects, which was approved by the shareholders If yes, details of the approval so Not Appiicable required? Date of approval NotApplicable Explanation for the Deviation / Not Applicable Variation Comments of the audit The audit committee noted that there was no deviation/variation in the use of committee after review funds raised by Preferential issue. ASME, 'lJ" 'R" 'NB' IBR, PESO Factory : Plot No. A-10, MIDC Murbad Dist. Thane 421401, Maharashtra, lndia tsxpo Expo Engineering and Projects Ltd. (Formerly known as Expo Gas Containers Ltd.) Expo house, 150 Sheriff Devji Street, Mumbai400 003, lndia Tel.: +91 2261319600 Website:www.exPoePl.com CIN NO. : 140200MH 1 9B2PLC027 837 Objects for which funds have been raised and where there has been a deviation, in the following table: 3L,45,7L5 (Thirty-One Lacs Forty-Five Thousand Seven Hundred and Fifteen only), Convertible Warrants of the Company having face value of Rs. 4/- (Rupees Four) each at a price of Rs. 70/- per Warrant (including premiirm of Rs. 66/- per Wanant) aggregating to Rs. 22,02,00,050 (Rupees Twenty-Two Crores Two Lacs Fifty) to promotor and non-promoter category on preferential basis Original Object Modified Original Modifiecl Funds Amount of Remarks, if Object, if Allocation allocation, Utilised Deviation / any any (Amount if *y (Amount Variation in Crore.) in Crore) the Quarter according Applicable obiect Augment Not 5.02 Not 5.02 Not No deviation working capital Applicable Applicable Applicable needs of the Company for pulchase of materials, consumables etc. general Not 3.00 Not 3.00 Not No deviation corporate Applicable Applicable Applicable purposes Repayment of Not 14.00 14.00 Not No deviation debts i. e. Applicable Not Applicable existing loan Applicable repayment, of Saraswat Bank other Banks Total 22.O2 22.02 ASIUE, 'lJ" 'Fl" 'NB' lBR, PESO Factory : Plot No. A-10, MIDC Murbad Dist. Than e 421401, Maharashtra, lndia tsxpo Expo Engineering and Projects Ltd. (Formerly known as Expo Gas Containers Ltd.) Expo house, 150 Sheriff Devji Street, Mumbai400 003, lndia Tel.: +91 22 6131 9600 Website : www.expoepl.com CIN NO. : 140200MH I 982PLCO27 837 Deviation or variation coulcl mean: Deviation in the objects or purposes for which the funcls have been raised or Deviation in the amount of funds actually utilized as against what was originally disclosed or Change in terms of a contract referred to in the funcl-raising document l.e. prospectus, letter of offer, etc. 'i' The above is the total issue size. However, Company has receive d25% of the issue i.e Rs.5,S0,50,012/- (Five Crore Fifty Lakh Fifty thousand twelve only) (Rs.17.50per warrant forB1,4S71S warrants) as upfront consideration/ subscription amount on 26tr, September ,2025; and Balanc e TS% (Rs. 52.b0 per warrant) was received on 11tr'August, 2026 &.20tr, August,2026 und.er which the conversion option is exercised by the warrant holder to fully convert warrant into equity shares within the tenure of 18 months of the warrants. For Expo Engineering and Projects Limited (Formerly known as Expo Gas Containers Limited) Hasanain Managing Director (DrN 0012s472) ASME,'U"'R"'NB' IBR, PESO Factory : Plot No. A-10, MIDC Murbad Dist. Thane 421401, Maharashtra, lndia