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

N • RTHERN Ref No.: NACL/13/JUN/2026-27 July 27, 2026 To, To, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai-400 001 Bandra (E) Scrip: 544260 Mumbai -400 051 Scrip: NORTHARC Sub: Statement of deviationlsl or variationlsl on the utilisation of proceeds raised through issuance of Equity Shares bv wav of Public Issue. Ref: Intimation pursuant to Regulation 32111 of Securities and Exchange Board of India {Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to above, please find enclosed the Statement confirming that there was no deviation or variation in the utilization of proceeds raised through issuance of equity shares by way of Initial Public offer ('IPO') for first quarter ended June 30, 2026, in the prescribed format. This intimation is also available at the website of the Company at hrtps://www.northernarc.com/statement-of-deviations. For Northern Arc Capital Limited Prakash Chandra Panda Company Secretary & Compliance Officer Encl: Statement of deviation(s) or variation(s) in utilisation of funds raised through public issue (IPO) Northern Arc Capital Limited Registered Office: 10th Floor, Phase-I, IIT-Madras Research Park, Kanagam Village, Taramani, Chennai - 600 113, India +91 44 6668 7000 I contact@northernarc.com I www.northernarc.com CIN.: L65910TN1989PLC017021 N• RTHERN Statement of deviation(s) or variation(s) in utilisation of funds raised through public issue (IPO) Particulars Remarks Name of listed entity Northern Arc Capital Limited Mode of raising funds Public Issue-Initial Public Offer (IPO) Type of instrument Equity Shares Date of raising funds September 23, 2024 Amount raised (Rs. In Millions) 4,498.45 (Net of issue proceeds) Report filed for the quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CRISIL Ratings Limited Is there a deviation/ variation in use of funds raised? No deviation/variation Whether any approval is required to vary the objects of the issue stated in the prospectus/ offer document? If yes, details of the approval so required? NA Date of approval NA Explanation for the deviation/ variation NA Comments of the audit committee after review NA Comments of the auditors, if any NA Objects for which funds have been raised and where there has been a deviation/ variation, in the following table: Original Modified Original Modified Funds Amount of Remarks Object Object, if Allocation Allocation utilized Deviation/ any Variation for the half year according applicable object (INR Crores and in%) - - - . - . - 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. c. Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc. Name of the Signatory: Mr. Atul Tibrewal Designation: Chief Financial Officer Date: July 27, 2026 ~~ ;fj<_C '"i::11.)0~ '-- MUIJBAI r· \ 400 051. ~:;;-· Northern Arc Ca p ital Limited ~/ 'I< Registered Office: 10th Floor, Phase-I, IIT-Madras Research Park, Kanagam Village, Taramani, Chennai - 600 113, India +91 44 6668 7000 I contact@northernarc.com I www.northernarc.com CIN.: L65910TN1989PLC017021