Statement of deviation or variation in the of proceeds

November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Dear Sir/Madam, Sub: Statement of deviation or variation in the use of proceeds of Preferential Issue and Private Placement Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached a statement of deviation or variation, duly reviewed by the Audit Committee. Kindly take the same on record For Vascon Engineers Limited Neelam Piyush Pipada Company Secretary and Compliance Officer M No. A31721 Encl: a/a Statement of deviation or variation in utilization of issue proceeds Name of listed entity Vascon Engineers Limited Mode of Fund Raising Preferential Issue - Fully Convertible Warrants Date of Raising Funds 17-04-2026 Amount Raised ₹ 20,00,00,000/- * Report filed for Quarter ended 30-09-2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable - Is there a Deviation / Variation in use of funds No raised If 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 review None Comments of the auditors, if any None *Pursuant to shareholders approval dated May 18, 2026 and In-principal approvals received from NSE India Limited and BSE Limited July 14, 2026 and July 15, 2026 and accordingly Company has received 25% initial subscription of the total consideration towards the allotment of 2,00,00,000 fully convertible warrants to be allotted to the ‘Promoter’ and ‘Non-Promoter, Public Category’. The balance amount shall be received in due course of 18 months. Objects for which funds have been raised and where there has been a deviation, in the following table Date of raising funds 17-04-2026 Original Object Real Estate - Working Capital General Corporate New Launches (EPC) Purposes Modified Object, if any NA NA NA Original Allocation Upto 32 Crore Upto 32 Crore Upto 16 Crore Modified allocation, if any NA NA NA Funds Utilized ₹ 8 Crore NIL ₹ 2 Crore Amount of Deviation / Variation for the NA NA NA quarter according to applicable object Remarks, if any NA NA NA