Statement of Deviation & Variation

SECY/S.E./2026-27 November 02, 2026 BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai – 400 001 Scrip code: 506854 Dear Sir/Madam, Sub: Statement of Deviation or Variation in utilization of funds raised through QIP under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the quarter and half year ended Septemebr 30, 2026. Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Statement of Deviation or variation in utilization of funds raised through Qualified institutional placement (QIP) and Preferential allotment by the Company, for the quarter and half year ended September 30, 2026. Further, the Company has submitted the Statement of Deviation or Variation in XBRL mode at the time of submission of the financial statements. This is for your kind information and records. Thanking you, Sincerely yours, For TANFAC Industries Limited Vinod Kumar S Company Secretary & Compliance Officer Enclosure: As above TANFAC INDUSTRIES LIMITED (Joint Sector Company with TIDCO and Anupam Rasayan India Ltd.) Registered Office & Factory: 14, SIPCOT Industrial Complex, Cuddalore – 607 005, Tamil Nadu, India Tel: + 91 4142 239001 – 05| Fax: + 91 4142 239008 | Website: www.tanfac.com Chennai Office: Oxford Centre, 1st Floor, 66, Sir C.P. Ramaswamy Road, Alwarpet, Chennai 600 018, TN, India Tel.: +91-44-2499 0451/0561/0464 Fax: +91-44-2499 3583 GST: 33AAACT2591A1ZU | CIN: L24117TN1972PLC006271 Statement of Deviation / Variation in Utilization of Funds Raised Name of the listed entity TANFAC Industries Limited Mode of Fund Raising QIP Date of Raising Funds 25th June 2026 Amount Raised (Rs. in Crores) 24,999.97 Report filed for Quarter ended 30th September, 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable Crisil Ratings Limited Is there a Deviation / Variation in use of funds raised No Deviation If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the No Change shareholders If Yes, Date of shareholder Approval N. A Explanation for the Deviation / Variation N. A Comments of the Audit Committee after review Nil Comments of the auditors, if any Nil Objects for which funds have been raised and where there has been a deviation, in the following table Amount of Original Funds Total Modified Modified Deviation/Variation Sr. Allocation Utilised unutilised Original Object Object, allocation, for the quarter No (Rs. in (Rs. in amount (Rs in if any if any according to Lakhs) Lakhs) Lakhs) applicable object Financing the project cost for establishment of 1 refrigerant gas plant for NA 22,537.97 - 15,759.31 6,778.66 Nil manufacturing of Proposed HFC-32 Plant General corporate 2 NA 1,029.04 - 1,029.04 - Nil purposes 3 Issue expenses NA 1,432.96 - 1430.71 2.25 Nil Total 24,999.97 - 18,219.06 6,780.91 Note: The Company has completed its Qualified Institutional Placement (‘QIP’) of 12,58,918 equity shares of face value of ₹ 5/- each (‘equity shares’) at an issue price of ₹ 1985.83/- per equity share (including a share premium of ₹ 1980.83 /- per Equity Share) aggregating to ₹ 250.00 Crore. The issue was made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Deviation could mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized as against what was originally disclosed For TANFAC Industries Limited N R Ravichandran Chief Financial Officer TANFAC INDUSTRIES LIMITED (Joint Sector Company with TIDCO and Anupam Rasayan India Ltd.) Registered Office & Factory: 14, SIPCOT Industrial Complex, Cuddalore – 607 005, Tamil Nadu, India Tel: + 91 4142 239001 – 05| Fax: + 91 4142 239008 | Website: www.tanfac.com Chennai Office: Oxford Centre, 1st Floor, 66, Sir C.P. Ramaswamy Road, Alwarpet, Chennai 600 018, TN, India Tel.: +91-44-2499 0451/0561/0464 Fax: +91-44-2499 3583 GST: 33AAACT2591A1ZU | CIN: L24117TN1972PLC006271 Statement of Deviation / Variation in Utilization of Funds Raised Name of the listed entity TANFAC Industries Limited Mode of Fund Raising Preferential allotment Date of Raising Funds 09th September, 2026 Amount Raised (Rs. in Crores) 9940.99 Lakhs Report filed for Quarter ended 30th Sep’2026 Monitoring Agency NA Monitoring Agency Name, if applicable NA Is there a Deviation / Variation in use of funds raised No Deviation If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the No Change shareholders If Yes, Date of shareholder Approval N. A Explanation for the Deviation / Variation N. A Comments of the Audit Committee after review Nil Comments of the auditors, if any Nil Objects for which funds have been raised and where there has been a deviation, in the following table Amount of Original Funds Total Modified Modified Deviation/Variation Sr. Allocation Utilised unutilised Original Object Object, allocation, for the quarter No (Rs. in (Rs. in amount (Rs in if any if any according to Lakhs) Lakhs) Lakhs) applicable object Financing the project cost for establishment of 1 refrigerant gas plant for NA 7,555.15 - - 7,555.15 Nil manufacturing of Proposed HFC-32 Plant General corporate 2 NA 2385.84 - 2385.84 - Nil purposes Total 9940.99 - 2,385.84 7,555.15 Note: The Company has completed its Preferential allotment of 4,24,647 equity shares of face value of ₹ 5/- each (‘equity shares’) at an issue price of ₹ 2341 /- per equity share (including a share premium of ₹ 2,336/- per Equity Share) aggregating to ₹ 99.40 Crore. The issue was made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Deviation could mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized as against what was originally disclosed For TANFAC Industries Limited N R Ravichandran Chief Financial Officer TANFAC INDUSTRIES LIMITED (Joint Sector Company with TIDCO and Anupam Rasayan India Ltd.) Registered Office & Factory: 14, SIPCOT Industrial Complex, Cuddalore – 607 005, Tamil Nadu, India Tel: + 91 4142 239001 – 05| Fax: + 91 4142 239008 | Website: www.tanfac.com Chennai Office: Oxford Centre, 1st Floor, 66, Sir C.P. Ramaswamy Road, Alwarpet, Chennai 600 018, TN, India Tel.: +91-44-2499 0451/0561/0464 Fax: +91-44-2499 3583 GST: 33AAACT2591A1ZU | CIN: L24117TN1972PLC006271