Statement of Deviation & Vairation for September ended 2026

Date: 05th November 2026 The Manager, Listing Department, BSE Limited, SME Division P. J Towers, Dalal Street, Mumbai — 400001 Subject: Submission of statement of Deviation or Variation for proceeds of public issue pursuant to Regulation 32 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for the half ended on September 30,2026 Ref: Scrip Code: - 544189 – SATTRIX INFROMATION SECURITY LIMITED Dear Sir/Madam, With reference to the captioned subject, please find enclosed a Statement of deviation(s) or variation(s) in the use of proceeds of public issue, pursuant to Regulation 32 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for the half year ended on September 30, 2026. We request you to take the same on record. Thanking you, Yours faithfully, For Sattrix Information Security Limited, (formerly known as Sattrix Information Security Private Limited) SACHHIN KISHORBHAI GAJJAER Managing Director DIN: 06688019 Encl. as above A. N. RUPAREL & CO. Ph. 079-26400816/17 CHARTERED ACCOUNTANTS 602, Abhishree Avenue, Opp. Hanumanji Temple, Nehrunagar Cross Road, Ambavadi, Ahmedabad -380015 AUDITORS’ CERTIFICATE We have examined enclosed statement of deviation or variation in utilization of funds raised through initial public offer from the books and other record of Sattrix Information Security Limited (CIN: L72200GJ2013PLC076845) and found the same in agreement thereto. This certificate is issued at the request of Sattrix Information Security Limited for the purpose of submission to Bombay Stock Exchange. Name of listed entity Sattrix Information Security Limited CIN L72200GJ2013PLC076845 Mode of Fund Raising Initial Public Offer Date of Raising Funds 10-06-2024(Date of Allotment) Amount Raised 21.78 Crore Report filed for the Period ended 30-09-2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of Yes funds Raised If yes, whether the same is pursuant to Yes change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval 18th February, 2025 22nd September,2026 Explanation for the Deviation / Variation The Company had made the best effort to utilize the fund raised for (a) Development of New Product & Technology but to delay in identifying and acquiring the necessary expertise has proven to be time-consuming. The Company proposes to alter/modify the object mentioned under Business Expansion Cost for (a) Development of New Product & Technology by outsourcing the work instead of in- house to expedite the process and optimize resource allocation. The Company has assessed its fund requirements and determined that the funds allocated towards “Development of New Product & Technology” are not presently required for the said purpose. Accordingly, the Company proposes to modify the object of utilisation and reallocate a portion of the funds towards meeting expenses for purchasing Furniture, Fixtures & Air Conditioning for the new office at Ahmedabad, in order to optimise the utilisation of IPO proceeds. Comments of the Audit Committee after None Review Comments of the auditors, if any As per our observation there is no deviation or any comments. Set forth below are objects for which funds have been raised in IPO and details of deviation if any, in following table: A. N. RUPAREL & CO. Ph. 079-26400816/17 CHARTERED ACCOUNTANTS 602, Abhishree Avenue, Opp. Hanumanji Temple, Nehrunagar Cross Road, Ambavadi, Ahmedabad -380015 Original Object Modified Original Modified Funds Interest/ Funds Amount of Remarks, Object, if Allocation Allocation, Utilized Profit Unutilize Deviation / if any any (₹ in Lakh) if any (₹ in Earned on d (₹ in Variation for (₹ in Lakh) Lakh) Fund Lakh) the quarter Unutilized according to (₹ in Lakh) applicable object Capital Expenditure: (a) To meet out expenses for - 252.00 307.82 287.07 31.38 304.13 NIL Refer Purchasing Furniture, fixture & air Note No. conditioning for new office at (c) Ahmedabad (b) To purchase and Installation of IT - 218.00 - 82.50 9.58 145.08 NIL - equipment Computer hardware, server, SAN storage, CCTV cameras, video conferencing equipment, networking (LAN) and other equipment Business Expansion Cost: (a) Development of New Product & Development of 756.00 (307.82) 448.18 - - NIL Refer Technology (Refer Note No. (b)) New Product & Note No. Technology (b) and (c) (Refer Note (b)) (b) Other business expansion cost - 212.00 - 214.63 2.63 - NIL - Additional Working Capital - 250.00 - 250.00 - - NIL - Requirement General Corporate Purpose - 292.00 - 292.45 0.45 - NIL - Issue Related Expenditure - 198.00 - 198.00 - - NIL - Total 2178.00 - 1772.83 44.04 449.21 - - Amount Unutilized (Invested in Fixed - - - 449.21 - - - Refer Deposits, Mutual Funds and Note No. Remaining in Bank Account) (a) Total Proceeds 2222.04 - - A. N. RUPAREL & CO. Ph. 079-26400816/17 CHARTERED ACCOUNTANTS 602, Abhishree Avenue, Opp. Hanumanji Temple, Nehrunagar Cross Road, Ambavadi, Ahmedabad -380015 Note:- a) Total amount of ₹449.21 lakhs from the IPO proceeds remains unutilized as of September 30, 2026. This amount has been invested in fixed deposits (₹221.28 lakhs in fixed deposits), Debt oriented mutual funds (₹175.32 lakhs in Tata Ultra Short-Term Fund – Regular Plan – Growth), and the balance amount is maintained in bank (₹52.61 lakhs with Bank). b) As per the company's prospectus dated May 29, 2024, the Company outlined its primary objective as the "Development of New Product & Technology In- house." During the financial year ending March 31, 2025, the Board of Directors proposed an amendment to the afore mentioned objective, transitioning it to the Utilisation of funds towards the “Development of New Product & Technology by outsourcing the work." This proposal was duly approved by the Members of the Company by way of special resolution was sought by Postal Ballot Process through remote e-voting mode vide notice dated 16th January 2025 for Variation in Terms of Objects of the Issue. c) The Company, pursuant to the approval of shareholders at the Annual General Meeting held on 22nd September 2026, revised the utilisation of IPO proceeds by reallocating ₹307.82 Lakhs from “Development of New Product & Technology” to “To meet expenses for purchasing Furniture, Fixtures & Air Conditioning for the new office at Ahmedabad”. Accordingly, the allocation for the latter has increased from ₹252.00 Lakhs to ₹559.82 Lakhs, while the allocation for Development of New Product & Technology has reduced from ₹756.00 Lakhs to ₹448.18 Lakhs. d) Deviation in the amount of funds actually utilized as against what was originally disclosed or e) There is no change in terms of a contract referred to in the fund-raising document i.e., prospectus, letter of offer, etc., have been stated above. For, A. N. Ruparel & Co. Chartered Accountants (Atul N. Ruparel) Proprietor – M. No.: 046392 Firm Reg. No.: 113413W UDIN: 26046392XGJNTI5441 Place: Ahmedabad Date: 05/11/2026