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

5th November, 2026 The Manager, Listing Compliance Department, National Stock Exchange of India Ltd, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Symbol: ICEMAKE Dear Sir, Sub: Intimation of statement of deviation and variation under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended on 30th September, 2026 Pursuant to regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the statement of deviation and variation for the quarter ended on 30th September, 2026. We request you to take the above on record. This is as per Regulation – 32 of the SEBI (LODR) Regulations, 2015. Thanking you. Yours faithfully, For Ice Make Refrigeration Limited Mandar Desai Company Secretary & Compliance officer Encl: As above. ICE MAKE REFRIGERATION LTD. AN ISO 9001 : 2015, ISO 14001 : 2004, BS OHSAS 18001 : 2007, CRISIL & CE CERTIFIED COMPANY Commercial & Industrial Refrigeration Equipment Manufacturer Office : B/1, Vasupujya Chambers, Income Tax Cross Road, Ashram Road, Ahmedabad – 380014. Phone: +91-79 - 2754 0630 Telefax : +91-79-2754 0620 Factory: 226, Dantali Industrial Estate, Gota-Vadsar Road, At: Dantali, Ta: Kalol, Dist: Gandhinagar - 382721 (Gujarat) Phone: +91 9879107881 / 84 Fax: +91-2764-248376 Email: info@icemakeindia.com, Website : www.icemakeindia.com C.I.NO: L29220GJ2009PLC056482 STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED: Name of listed entity Ice Make Refrigeration Limited Mode of Fund Raising Preferential Issue to Non-Promoters Date of Raising Funds 10th September, 2026 Amount Raised Rs. 1,90,00,01,010/- Report filed for Quarter ended 30-09-2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CRISIL RATINGS LIMITED Is there a Deviation / Variation in use of funds No raised If yes, whether the same is pursuant to change Not Applicable in 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 Not Applicable Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table: Original Object Modif Original Modifie Funds Utilised Amount of Remark ied Allocation d Deviation/Variati s if any Objec allocati on for the t, if on, if quarter any any according to applicable object Subscription of Not 352,800,000/ Not 35,27,00,000.0 Not Applicable 40% shares of the Appli - Applica 0 joint venture cable ble company requirements. New expansion Not 580,000,000/ Not 43,92,571.00 Not Applicable and modification Appli - Applica of existing factory cable ble (including ICE MAKE REFRIGERATION LTD. AN ISO 9001 : 2015, ISO 14001 : 2004, BS OHSAS 18001 : 2007, CRISIL & CE CERTIFIED COMPANY Commercial & Industrial Refrigeration Equipment Manufacturer Office : B/1, Vasupujya Chambers, Income Tax Cross Road, Ashram Road, Ahmedabad – 380014. Phone: +91-79 - 2754 0630 Telefax : +91-79-2754 0620 Factory: 226, Dantali Industrial Estate, Gota-Vadsar Road, At: Dantali, Ta: Kalol, Dist: Gandhinagar - 382721 (Gujarat) Phone: +91 9879107881 / 84 Fax: +91-2764-248376 Email: info@icemakeindia.com, Website : www.icemakeindia.com C.I.NO: L29220GJ2009PLC056482 upgradation and addition of new plant and equipment) and/or acquisition of new business Completion of the Not 177,000,000/ Not Nil Not Applicable new corporate Appli - Applica office, excellence cable ble centre and development and testing laboratory Repayment of Not 400,000,000/ Not 38,58,99,178.0 Not Applicable financial Appli - Applica 0 indebtedness of cable ble the Company General Corporate Not 390,201,010/ Not 39,02,01,010.0 Not Applicable Purpose (GCP) Appli - Applica 0 cable ble 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 For Ice Make Refrigeration Limited Date: 5th November, 2026 Mandar Desai Place: Ahmedabad Company Secretary & Compliance officer ICE MAKE REFRIGERATION LTD. AN ISO 9001 : 2015, ISO 14001 : 2004, BS OHSAS 18001 : 2007, CRISIL & CE CERTIFIED COMPANY Commercial & Industrial Refrigeration Equipment Manufacturer Office : B/1, Vasupujya Chambers, Income Tax Cross Road, Ashram Road, Ahmedabad – 380014. Phone: +91-79 - 2754 0630 Telefax : +91-79-2754 0620 Factory: 226, Dantali Industrial Estate, Gota-Vadsar Road, At: Dantali, Ta: Kalol, Dist: Gandhinagar - 382721 (Gujarat) Phone: +91 9879107881 / 84 Fax: +91-2764-248376 Email: info@icemakeindia.com, Website : www.icemakeindia.com C.I.NO: L29220GJ2009PLC056482