Statement of deviation(s) or variation(s) under Reg. 32

SHREE PUSHKAR CHEMICALS & FERTILISERS LTD. CIN: L24100MH1993PLC071376 (A Government of India Recoginsed Export House) An ISO 9001:2015 & 14001:2015 Certified Company Office No. 301/302, 3rd Floor, Atlanta Center, Near Udyog Bhavan Sonawala Road, Goregaon (East), Mumbai - 400063, India Tel.: + 91 22 4270 2525 Fax: + 91 22 2685 3205 Date: 2nd November, 2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400001 Mumbai – 400051 Scrip Symbol: SHREEPUSHK Scrip Code: 539334 Dear Sir/Madam, Subject: Statement of Deviation or Variation of funds raised through Preferential Issue of Fully Convertible Warrants Pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/ 2026 issued on 11th July, 2023 and last updated on 30th January, 2026, we hereby confirm that during the second quarter and half year ended 30th September, 2026, there is no deviation or variation in the use of funds raised through Preferential Issue of Fully Convertible Warrants from the objects stated in the Explanatory Statements to the Notice dated 8th November, 2025 calling Extra Ordinary General Meeting of the Company held on Wednesday, 10th December, 2025. In view of the above, a Statement of Deviation or Variation for the Second Quarter and Half Year ended 30th September, 2026 duly reviewed by the Audit committee of the Company is given as Annexure A. This is for your information and record. Thanking you. Yours Faithfully, For Shree Pushkar Chemicals & Fertilisers Limited Pankaj Manjani Company Secretary & Compliance Officer Place: Mumbai Encl.: as above ..........Stable, Sustainable & Smart Chemistry Company.......... ● Speciality Textile Dyes ● Dyes Intermediates ● Acids ● Power ● Animal Health & Nutrition ● Fertilisers Works at - B- 102 / 103, D – 25, B – 97, D - 18, D - 10, G 64/65 MIDC Lote Parshuram, Taluka Khed, Dist. Ratnagiri Maharashtra, India. GOTS / Approved email: info@shreepushkar.com ● www.shreepushkar.com ZDHC gateway / Registered SHREE PUSHKAR CHEMICALS & FERTILISERS LTD. CIN: L24100MH1993PLC071376 (A Government of India Recoginsed Export House) An ISO 9001:2015 & 14001:2015 Certified Company Office No. 301/302, 3rd Floor, Atlanta Center, Near Udyog Bhavan Sonawala Road, Goregaon (East), Mumbai - 400063, India Tel.: + 91 22 4270 2525 Fax: + 91 22 2685 3205 Annexure A Statement on Deviation/Variation in Utilisation of funds raised Name of the Listed entity Shree Pushkar Chemicals & Fertilisers Limited Mode of Fund Raising Preferential issue Date of Raising Fund 27th December, 2025 : Date of Allotment of Fully Convertible Warrants Amount Raised Rs. 29,99,99,870 which is the total issue size. However, as on 30th September, 2026, the Company has received Rs. 7,49,99,968 as stipulated amount of 25% of the Issue Size as subscription amount in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Balance 75% of the Issue Size will be received as and when the conversion option is exercised by the Warrant Holder to convert Full Convertible Warrants into fully paid up Equity Share of face value of Rs. 10/- each of the Company during the tenure of 18 months of the Warrant. Report filed for quarter ended 30th September, 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if Not Applicable applicable Is there a Deviation/Variation No in use of funds raised If yes, weather the same in Not Applicable pursuant to change in terms of a contract or objects, which was approved by the shareholders If yes, Date of shareholders’ Not Applicable Approval Explanation for the Deviation/ Not Applicable Variation Comments of the Audit Nil Committee after review Comments of the Auditors, if Nil ..........Stable, Sustainable & Smart Chemistry Company.......... ● Speciality Textile Dyes ● Dyes Intermediates ● Acids ● Power ● Animal Health & Nutrition ● Fertilisers Works at - B- 102 / 103, D – 25, B – 97, D - 18, D - 10, G 64/65 MIDC Lote Parshuram, Taluka Khed, Dist. Ratnagiri Maharashtra, India. GOTS / Approved email: info@shreepushkar.com ● www.shreepushkar.com ZDHC gateway / Registered SHREE PUSHKAR CHEMICALS & FERTILISERS LTD. CIN: L24100MH1993PLC071376 (A Government of India Recoginsed Export House) An ISO 9001:2015 & 14001:2015 Certified Company Office No. 301/302, 3rd Floor, Atlanta Center, Near Udyog Bhavan Sonawala Road, Goregaon (East), Mumbai - 400063, India Tel.: + 91 22 4270 2525 Fax: + 91 22 2685 3205 Objects for which funds have been raised and where there has been a deviation, in the following table Original object Modified Original Modified Funds Amount Remark object allocation allocation Utilised of Deviation if any if any, if any till 30th /variation September, for 2026 the Quarter according applicable object For undertaking None Rs. 29,99,99,870 None *7,49,99,968 NIL - investment in (Rupees Madhya Bharat Twenty Nine Phosphate Private Crores Ninety Limited, a Material Nine Lakhs Wholly Owned Ninety Nine Subsidiary of the Thousand Eight Company, in the Hundred and form of Seventy Only)* Equity/Quasi Equity, Debt/Loan instruments, Inter- Corporate Loan/Deposit which will be utilized by such Subsidiary as a Capital Expenditure for Complex Fertilisers and further Expansion of Unit at Meghnagar, Jhabua, Madhya Pradesh. (“Investment in Subsidiary”) *It is the total issue size. However, as on 30th September, 2026, the Company has received Rs. 7,49,99,968 as stipulated amount of 25% of the Issue Size as subscription amount in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Balance 75% of the Issue Size will be received as and when the conversion option is exercised by the Warrant Holder to convert Full Convertible Warrants into fully paid up Equity Share of face value of Rs. 10/- each of the Company during the tenure of 18 months of the Warrant. ..........Stable, Sustainable & Smart Chemistry Company.......... ● Speciality Textile Dyes ● Dyes Intermediates ● Acids ● Power ● Animal Health & Nutrition ● Fertilisers Works at - B- 102 / 103, D – 25, B – 97, D - 18, D - 10, G 64/65 MIDC Lote Parshuram, Taluka Khed, Dist. Ratnagiri Maharashtra, India. GOTS / Approved email: info@shreepushkar.com ● www.shreepushkar.com ZDHC gateway / Registered SHREE PUSHKAR CHEMICALS & FERTILISERS LTD. CIN: L24100MH1993PLC071376 (A Government of India Recoginsed Export House) An ISO 9001:2015 & 14001:2015 Certified Company Office No. 301/302, 3rd Floor, Atlanta Center, Near Udyog Bhavan Sonawala Road, Goregaon (East), Mumbai - 400063, India Tel.: + 91 22 4270 2525 Fax: + 91 22 2685 3205 Deviation and 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 fund raising document i.e prospectus, letter of offer, etc. For Shree Pushkar Chemicals & Fertilisers Limited Pankaj Manjani Company Secretary & Compliance Officer Encl.: as above ..........Stable, Sustainable & Smart Chemistry Company.......... ● Speciality Textile Dyes ● Dyes Intermediates ● Acids ● Power ● Animal Health & Nutrition ● Fertilisers Works at - B- 102 / 103, D – 25, B – 97, D - 18, D - 10, G 64/65 MIDC Lote Parshuram, Taluka Khed, Dist. Ratnagiri Maharashtra, India. GOTS / Approved email: info@shreepushkar.com ● www.shreepushkar.com ZDHC gateway / Registered