Regulation 32 Statement for the Half Year ended 30th September 2026.

CHEMKART INDIA LIMITED CIN-L51220MH2020PLC338631 403/404 K.L. Accolade, 4th Floor, Above Captain Gym, Nr. R.K. Hospital Santacruz (E), MUMBAI 400055 Email Id: investors@chemkart.com | Customer Care: +91 8828505052 Website: www.chemkart.com 30th October 2026 The Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400001 Scrip Code: 544442 Dear Sir/Madam, Sub.: STATEMENT OF DEVIATION OR VARIATION UNDER REGULATION 32(1) OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 – HALF YEAR ENDED 30TH SEPTEMBER 2026. Dear Sir, Pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, we are submitting herewith the Statement of Deviation or Variation for the Half Year ended 30th September 2026 which was reviewed by the Audit Committee and taken on records by the Board of Directors at their respective meetings held on Friday, 30th October 2026. We hereby confirm that there has been no deviation(s) or variation(s) in the utilization of proceeds of IPO for the abovementioned period as mentioned in the objects stated in the Prospectus. The details of utilization and deviation/variation are enclosed herewith. Kindly take the same on your record. For Chemkart India limited Mohammad Asim Siddiqui Designation – Chief Financial Officer Enclosed: A/a Table 01: Name of listed entity Chemkart India Limited Mode of Fund Raising Fresh Issue and Offer for Sale of Equity shares Date of raising Funds July 14, 2025 Amount Raised 80.08 Crore Issue Related Expenses 9.53 Crore Net Proceeds to be utilized 54.95 Crore Report filed for period ended 30th September 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable Brickwork Ratings India Private Limited Is there a Deviation / Variation in use of fund raised If yes, whether the same is pursuant to change in terms of a contract or objects which was N.A. approved by the Shareholders If Yes, Date of Shareholders Approval N.A. Explanation for the Deviation / Variation N.A. Comments of the Audit Committee after review N.A. Comments of the auditors, if any N.A. Amoun t of Un- Deviati Fund Modifi utilis on/ Origin s Modif ed ed Variati al Utili ied Allocat Amo on for Remark Allocat zed Original Object objec ion, if unt the s (if ion (Rs. t, if any (Rs. period any) (Rs. in in any (Rs. in in accordi Crore) Cror Crore) Cror ng to e) applica object Financing the capital expenditure towards setting up of the Manufacturing Facility through - 34.68 - 9.69 24.99 - - investment in our Wholly- Owned Subsidiary (WOS) Company, Easy Materials Private Limited; Repayment/prep ayment of all or - 20.00 - 20.00 - - - certain of our borrowings availed of by our Company; General Corporate - 9.79 - 9.79 - - - Purpose and IPO issue Expenses Total - 64.47 - 39.48 24.99 - - Table 02: Amount Actual disclosed in Unutilised Sr. Object as disclosed in Utilised the Offer Amount (Rs. Remarks No. the Offer Document Amount (Rs. Document In Crore) In Crore) (Rs. in Crore) Financing the capital expenditure towards setting up of the Manufacturing Facility through 1 investment in our 34.68 9.69 24.99 - Wholly-Owned Subsidiary (WOS) Company, Easy Raw Materials Private Limited; Repayment/prepayment of all or certain of our 2 20.00 20.00 0.00 - borrowings availed of by our Company; General Corporate 3 Purpose and IPO issue 9.79 9.79 0.00 - Expenses Total 64.47 39.48 24.99 Certificate for Utilization of Issue Proceeds of IPO This certificate is being issued to M/s. Chemkart India Limited (hereinafter referred as “the Company”), a Public Limited Company, Listed on SME Platform of Bombay Stock Exchange of India (BSE) and registered under the Companies Act, 1956 vide Corporate Identification Number L51220MH2020PLC338631 and having its registered office at Office No. 403/404, 4th Floor, K.L. Accolade, 6th Road, TPS III, Santacruz (East), Santacruz (East), Mumbai, Mumbai, Maharashtra, India, 400055. On the basis of the examination and verification of the unaudited books of accounts, information and documents being provided by M/s. Chemkart India Limited, we hereby certify that the Company has partly utilized proceeds from IPO as per Object Clause of the Prospectus till 30th September, 2026, which is detailed as follows: Utilization of Issue Proceeds of IPO till 30th September, 2026 (Rs. in Lakhs) Amount Amount unutilised Objects as disclosed in Original utilised till S. No. till Remarks the Offer Document Allocation September September 30, 2026 30, 2026 For Financing the 3,468.33 968.39 2,499.94 - Capital expenditure towards setting up of the Manufacturing Facility 1 through investment in Wholly-Owned Subsidiary (WOS) Company, Easy Raw Material Private Limited For Repayment/ 2,000.00 2,000.00 - - Prepayment of all or 2 certain of our borrowings availed by Company General Corporate 979.66 979.66 - - 3 Purposes and IPO issue Expenses Total 6447.99 3,948.05 2,499.94 - 1 Certificate for Utilization of IPO Proceeds| Chemkart India Limited We hereby state that the above values are true and correct to the best of our knowledge and information. Managements’ responsibilities for the statement 1. The aforesaid details including the creation and maintenance of all accounting and other records supporting its contents, is solely responsibility of Management of the Company. The Company’s Management is responsible for the designing, implementing and maintaining internal control to the preparation and presentation of the statement, and applying and appropriate basis of preparation and making estimates that are reasonable in the circumstances. 2. The Management is also responsible for ensuring that the Company complies with the other requirements. Practitioner’s Responsibility 3. It is our responsibility to report the Utilization of Issue Proceeds of IPO of the Company based on our examination of the records maintained by the Company and other allied records provided by the Company. 4. We conducted our examination in accordance with the Guidance Note on Reports or Certificate for Special Purposes issued by the Institute of Chartered Accountants of India. The Guidance Notes requires that we comply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India. 5. We have complied with the relevant applicable requirements of standard on Quality Control (SQC) 1, Quality Control for Company’ s that perform Audits and Reviews of Historical Information, and Other Assurance and Related Services Engagement. Opinion 6. The Company has utilized amount of Rs. 3,948.05 Lakhs out of issued proceeds of IPO till 30th September, 2026 as per the objects as disclosed in the Offer Document of IPO. Restriction on Use 7. This certificate has been issued at the request of the Board of Directors of the Company to whom it is addressed, solely for onward submission to the SEBI, and is not to be used, referred to or distributed for any other purpose without our prior written consent. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come without our prior consent in writing. 8. We further state that there is no conflict of interest and that we are the Statutory Auditors of the Company and in no capacity connected with the Company. This certificate is issued at specific request received from M/s. Chemkart India Limited. We shall not be liable to the Company, Bankers or to 2 Certificate for Utilization of IPO Proceeds| Chemkart India Limited any other concerned, for any claims, liabilities or expenses relating to this assignment, except to the extent of fees relating to this assignment. For M/s. Prem Chand Jain & Co. Chartered Accountants Firm Registration Number: 000066C CA. Sulbha Jain Partner Membership No. 404786 UDIN: 26404786BQUXOP1035 Place: Mumbai Date: 30th October, 2026 ***** 3 Cert [Showing first 8,000 characters — download PDF for full document]