Reg 32

NILKANTH RESOURCES LIMITED (Formerly Known as Lippi Systems Limited) 04th November 2026 BSE Limited, 25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai-400 001 Scrip Code: 526604 Sub: Disclosure under Regulation 32(1) of SESI (listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to SEBI circular-CIR/CFD/CMD1/162/2019 dated 24th December, 2019 as amended from time to time till date, regarding Format on Statement of Deviation or Variation for proceeds of public issue/rights issue preferential issue, Qualified Institutions Placement (QIP) etc. in reference to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We hereby confirm that there is no deviation and/or variation in the utilization of proceeds, from the object mentioned in notice of Extra Ordinary general meeting of the members of the company held on 14th June 2026 for issuance of 65,00,000 (Sixty Five Lakh) Convertible warrants on a preferential basis for cash consideration at a price of Rs. 56.84/- (Rupees Fifty Six and Eighty Four Paise Only) (including the Warrant Subscription Price and the Warrant Exercise Price). The Company has received from the Allottees Twenty-Five Percent of consideration amount aggregating to ₹ 9,23,65,000 (Rupees Nine Crores and Twenty Three Lakhs Sixty Five Thousand Only) as required under the SEBI ICDR Regulations. A statement of deviation, stating that there is no deviation or variation in the utilization of these proceeds, duly reviewed by the Audit Committee, is attached herewith as Annexure-A. This is for your information and necessary records. Thanking you, Yours faithfully, For Nilkanth Resources Limited (Formerly known as Lippi Systems Limited) Jagdish Dholu Managing Director DIN:06683968 Encl as above :- Regd. Office: B-21, Corporate House, opp. Pakwan II, S.G Highway, Bodakdev, Ahmedabad, Gujarat, India – 380054 | CIN: L22100GJ1993PLC020382 nilkanthresources@gmail.com | www.lippisystems.com |+91 85113 35825