Statement of Deviation and Variation for the half year Ended on 30th September, 2026

November 05, 2026 BSE Ltd. The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 544460 Sub: - Statement of deviation or variation in the use of proceeds of Equity Issue for the Half Year ended September 30, 2026 Ref : Regulation 32 of the SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015 Dear Sir / Ma’am, With reference to subject matter and pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that during the Half Year ended September 30, 2026 there is no deviation or variation in the use of proceeds from the objects stated in the Prospectus. A statement of deviation, stating that there is no deviation or variation in the utilization of these proceeds, duly reviewed by the Audit Committee of the Company and taken on record by the Board of Directors at their respective meetings held on November 05, 2025, is attached herewith. This is for your information and records please. Thanking you, Yours faithfully, For and on behalf of PATEL CHEM SPECIALITIES LIMITED Bhupesh Patel Managing Director DIN: 02075545 STATEMENT OF DEVIATION OR VARIATION IN UTLIZATION OF FUNDS RAISED Name of Listed Entity PATEL CHEM SPECIALITIES LIMITED Mode of Fund Raising Initial Public Offer Date of Raising Funds 30th July, 2025 (Date of Allotment) Amount Raised Fresh Issue aggregating up to ₹5880 lakhs Monitoring Agency Applicable Monitoring Agency Name, if Infomerics Valuation and Rating Limited applicable If there is Deviation/Variation in NO use of funds raised If yes whether the same is Not Applicable pursuant to change in terms of contract or objects, which was approved by Shareholders If yes, Date of Shareholders Not Applicable Approval Explanation of Not Applicable Deviation/Variation Comment of Audit Committee Not Applicable after review Comment of Auditor, if any Not Applicable Sr. Item Amount Amou Balance Amoun Amount Unutilize Remark, No Head raised nt as as on 31st t utilized d amount If any in propos March, utilized during (as on 30 Q2FY2 ed in 2026 during Q2FY27 September 6 the Q1FY2 , 2026) Offer 7 Docum 1 Issue 7.25 7.25 0 0.00 0.00 0.00 0.35 Related Expense Unutilize s d amount is been transfer to Capex. * 2 General Fully Corpor utilized ate 8.40 8.40 0 0.00 0.00 0.00 for stated Purpose purpose 3 CapEx 43.15 43.15 35.90 + 1.45 4.32 30.47 Balanced 0.34 to be (issue utilized related for stated exp purpose transfered in future. ) = ** 36.24 TOTAL 58.80 58.80 36.24 1.45 4.32 30.47 Note: The Capital Expenditure Unutilized Fund is parked in FD with Bank For, PATEL CHEM SPECIALITIES LIMITED Bhupesh Patel Managing Director DIN: 02075545