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

GLASS WALL SYSTEMS Complete Solution For Facade Works Date: November 3, 2026 To, To, BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1, Block G, P. J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Fort, Mumbai - 400 001 Mumbai — 400051 BSE Scrip Code: 544913 NSE Symbol: GLASSWALL Subject: Statement of Deviation or Variation in utilization of funds raised under Requlation 32 of SEBI (Listing Obligations and Disclosure Requirements) Requlation, 2015 for the Quarter & Half Year ended September 30, 2026 Dear Sir/ Madam, 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 showing no deviation or variation in utilization of funds raised through Initial Public Offer (IPO) by the Company, for the Quarter & Half Year ended September 30, 2026, reviewed and approved by the Audit Committee at its meeting held on November 03, 2026 We request you to take the same on record. Thanking You, Yours faithfully, For and on behalf of Glass Wall Systems (India) Limited Sagar Lambole Company Secretary and Compliance Officer Membership No. A45005 Glass Wall Systems (India) Limited (Formerly Glass Wall Systems (India) Private Limited) 503-504,5" Floor, A Wing, Marathon Futurex, Mafatlal Mills Compound, N.M. Joshi Marg, Lower Parel (E), Mumbai 400013. | Tel./Fax No: +91 22 6103 3456 E: info@glasswallsystem.com | W: www.glasswallsystems.in AN 1SO 9001: 2008 COMPANY| CORPORATE IDENTITY NUMBER: L74999MH2010PLC207187 ?'61 GLASS WALL SYSTEMS aa d Complete Solution For Facade Works STATEMENT ON DEVIATION OR VARIATION IN UTILISATION OF FUNDS RAISED 1. Name of the listed entity Glass Wall Systems (India) Limited 2. Mode of fund raising Public Issue 3. Date of raising funds 11/09/2026 (Date of Allotment) 4. Amount raised Fresh Issue of X 600 Millions (i.e. Rs. 60 crores) 5. Report filed for quarter ended September 30, 2026 6. Monitoring Agency Not Applicable 7. Monitoring Agency Name, if applicable Not Applicable 8. Is there a deviation / variation in use of funds No raised? 9. If yes, whether the same is pursuant to change in terms of contract or objects which was approved by | Not Applicable shareholders 10. If yes, date of shareholder approval Not Applicable 11. Explanation for the Deviation / Variation Not Applicable 12. Comments of the Audit Committee after review | None 13. Comments of the auditors, if any None a. Funding capital expenditure requirement for setting up of Glass Processing Unit (GPU) Project 14. Objects for which funds have been raised and as part of planned backward integration of the where there has been a deviation, in the following Company at Vile Bhagad Facility o b. General Corporate Purposes c. Offer related expenses (Amount in Rupees) Amount of Deviation / Original Modified Original Modified Variation for Ry i Object, if o allocation, | Funds Utilized | the quarter b N object Allocation 2 3 if any any if any according to applicable object Funding capital expenditure requirement for setting up of Glass NA 50,00,00,000.00 NA 1,50,50,051.15 NIL NA Processing Unit (GPU) Project as part of planned Glass Wall Systems (India) Limited (Formerly Glass Wall Systems (India) Private Limited) 503-504,5"‘ Floor, A Wing, Marathon Futurex, Mafatlal Mills Compound, N.M. Joshi Marg, Lower Parel (E), Mumbai 400013. | Tel./Fax No: +91 22 6103 3456 E: info@glasswallsystem.com | W: www.glasswallsystems.in WOlsER AN I1SO 9001: 2008 COMPANY| CORPORATE IDENTITY NUMBER: L74999MH2010PLC207187 81 GLASS WALL SYSTEMSH Complete Solution For Facade Works backward integration of the Company at Vile Bhagad Facility General corporate NA 4,63,02,361.41 NA 4,63,02,361.41 NIL NA purposes Offer related NA 5,36,97,638.59 NA 2,60,73,015.00 NIL NA expenses Total 60,00,00,000.00 8,74,25,427.56 Deviation or 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 the fund raising document i.e. prospectus, letter of offer, etc. Thanking you. Yours Faithfully, For and on behalf of Glass wall Systems (India) Limited Sanjay Sawant &) ¢ Y, Chief Financial Officer N x 2 Date: November 3, 2026 Glass Wall Systems (India) Limited (Formerly Glass Wall Systems (India) Private Limited) 503-504,5™ Floor, A Wing, Marathon Futurex, Mafatlal Mills Compound, N.M. Joshi Marg, Lower Parel (E), Mumbai 400013. | Tel./Fax No: +91 22 6103 3456 E: info@glasswallsystem.com | W: www.glasswallsystems.in AN 1SO 9001: 2008 COMPANY| CORPORATE IDENTITY NUMBER: L74999MH2010PLC207187 i"il WeReEE