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

KRISHIVAL FOODS LIMITED CIN No. L74120MH2014PLC254748 Registered Office: 1309, Lodha Supremus, Saki Vihar road, opp. MTNL Office, Powai, Mumbai-400072. Tel no.: +918779558264, Website: www.krishival.com, Email: cs@krishival.com November 04, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex P J Towers, Dalal Street Bandra (E), Mumbai-400051 Mumbai - 400 001 Symbol: KRISHIVAL Scrip Code: 544416 Sub: Statement on utilization of funds for the quarter ended September 30, 2026 Dear Sir / Madam, Please find attached statement on utilization of funds raised from right issue for the quarter ended September 30, 2026 You are requested to take note of the same. Thanking You, Yours faithfully, KRISHIVAL FOODS LIMITED Rahul Gawande Company Secretary and Compliance officer KRISHIVAL FOODS LIMITED Statement of Deviation / Variation in utilisation of funds raised Krishival Foods Limited Name of listed entity Mode of Fund Raising Right Date of Raising Funds 20/01/26 (On Application) & 19/08/2026 (On First Call and Final call) Amount Raised Rs 3499.29 Lakhs(On Application) & Rs 5405.63 (On First Call and Final call), Total Rs 8904.92 Report filed for the quarter ended 30-September-26 Monitoring Agency Brickwork ratings India Private Monitoring Agency Name, if applicable Limited Is there a Deviation / Variation in use of funds raised If yes, whether the same is pursuant to change in terms of a contract or objects, which was Not approved by the Applicable shareholders Not Applicable If Yes, Date of shareholder Approval Explanation for the Deviation / Variation Applicable Not Applicable Comments of the Audit Committee after review Comments of the auditors, if any Applicable Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Original Modified Funds Utilised at Funds Funds Utilised Amount of Remarks if any Object, if any Allocation allocation, if beginning of the Utilised at the end of Deviation/ any quarter during the the quarter Variation for the quarter quart er according to applicable object Part-funding of capital Not Applicable 2500.00 lakh 0.00 1375.35 lakh 992.70 lakh 2368.05 lakh 0.00 NIL expenditure for setting up a processing and packaging unit for cashews and other nuts at Kolhapur, Maharashtra Part-funding working capital Not Applicable 5000.00 lakh 0.00 992.25 lakh 778.22 lakh 1770.47 lakh 0.00 NIL requirements of the Company General Corporate Purposes* Not Applicable 2127.00 lakh 0.00 0 2500.00 lakh 2500.00 lakh 0.00 NIL Issue Expenses Not Applicable 373.00 lakh 0.00 0 0 0 0.00 NIL *The consent of the Rights Issue Committee be and is hereby accorded for partial utilisation of the proceeds received from the Rights Issue towards the Ice cream division of the company, by way of providing an additional loan of up to Rs. 25,00,00,000/- to Melt ‘N’ Mellow Foods Private Limited, a subsidiary of the company, for its cold chain infrastructure. The Committee hereby take note that company is bearing Issue-related expenses out of its internal accruals, hence the amount allocated for issue-related expenses is being transferred to Melt ‘N’ Mellow Foods Private Limited, along with the amount allocated towards GCP. This approval is taken from Certified True Copy of the resolution passed at the meeting of the Rights Issue Committee of the company held on September 02, 2026. Deviation or variation could mean: For Tamanna Parmar and Associated (a) Deviation in the objects or purposes for which the Chartered Accountants funds have been raised or Firm Registration No. 014444C (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 CA Tamanna Parmar Partner Membership No. 409291 UDIN: 26409291HKHVJU3047 Peer Review No. 014854 Aparna Sujit Bangar Managing Director DIN: 05332039 Place: Mumbai Date: November 04, 2026