General Updates

Date: November 2, 2026 National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400 051 Mumbai- 400001 NSE Scrip Symbol: PRASOLCHEM BSE Scrip Code: 544912 Dear Sir/Madam, Sub: Statement of deviation or variation in utilisation of funds raised through Initial Public Offering (“IPO”) for the quarter ended September 30, 2026 Ref: Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there has been no deviation or variation in the utilization of IPO Proceeds from the objects stated in the prospectus dated September 10, 2026. In this regard, please see enclosed statement of deviation and variation for the quarter ended September 30, 2026. This intimation is also uploaded on the website of the Company and can be accessed at www.prasolchem.com. We request you to take the above on record. Thanking You, Yours Sincerely, FOR PRASOL CHEMICALS LIMITED KIRAN RAJENDRA AGRAWAL Company Secretary & Compliance Officer Membership No. : A13188 Statement of deviation / variation in utilisation of funds raised Name of the listed entity Prasol Chemicals Limited Mode of Fund Raising Public Issue - Initial Public Offering Date of Raising Funds 11 September 2026 (Allotment Date) Amount Raised 800 Millions Report filed for Quarter ended September 30, 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds No raised 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 Nil review 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: Original Modified Original Modified Funds Amount of Remarks, Objects Object, if Allocation allocation, Utilised Deviation/ if any any (Rs. In if any (Rs. In Variation Crores) Crores) for the quarter according applicable object Not Applicable