BSECompany Update4d ago · 5 Nov 2026, 07:13 pm

Statement of Deviation/ Variation in utilization of funds raised through preferential issue of convertible equity warrants, for the half-year ended 30 September 2026.

B.R.Goyal Infrastructure Ltd · 544335

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B.R.Goyal Infrastructure Ltd submitted a statement of deviation/varation in utilization of funds raised through preferential issue of convertible equity warrants for the half-year ended 30 September 2026. The company received ₹327.25 Lakh out of the total issue size of ₹1309.00 Lakh and has utilized the funds fully.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10

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B.R.Goyal Infrastructure Ltd - 544335 - Statement Of Deviation Or Variation In Utilization Of Funds Raised Through Preferential Issue Of Convertible Equity Warrants, For The Half-Year Ended 30 September 2026

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B.R.Goyal Infrastructure Limited CIN: L04520MP2005PLC017479 05 November 2026 The Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 544335 | Scrip Symbol: BRGIL | ISIN: INE00ST01011 Subject: Statement of Deviation or Variation in Utilization of Funds raised through preferential issue of convertible equity warrants, for the half-year ended 30 September 2026. Reference: Regulation 32(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/ Madam, Pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, we are submitting herewith the Statement of Deviation or Variation for the half-year ended 30 September 2026, duly reviewed by the Audit Committee and taken on records by the Board of Directors at their respective meetings held on Thursday, 05 November 2026. The details of utilization and deviation/variation are enclosed herewith. Kindly take the same on your record. Yours faithfully, For, B.R.Goyal Infrastructure Limited Ritika Jhala Company Secretary and Compliance Officer M. No.: A73846 Encl.: As above Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com B.R.Goyal Infrastructure Limited CIN: L04520MP2005PLC017479 STATEMENT OF DEVIATION(S) / VARIATION(S) IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ALLOTMENT, FOR THE HALF-YEAR ENDED 30 SEPTEMBER 2026 Name of Listed Entity B.R.Goyal Infrastructure Limited Preferential Issue of 11,00,000 Convertible Warrants each convertible into one Equity Share of face value ₹10/- (Rupees Mode of Fund Raising Ten only) each, at an exercise price of ₹119/- (Rupees One Hundred Nineteen only) per Warrant Date of Raising Funds 12 August 2026 Amount Raised ₹327.25 Lakh out of the total issue size of ₹1309.00 Lakh Report filed for period ended 30 September 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if Applicable Not Applicable ls there a Deviation/ Variation in use of funds raised lf yes, whether the same is pursuant to change in terms of a contract or objects, Not Applicable which was approved by the shareholders lf yes, Date of Shareholder Approval Not Applicable Explanation for the Deviation/Variation Not Applicable Comments of the Audit Committee after None review Comments of the auditors, if any None Objects for which funds have been raised and where there has been a deviation, in the following table: Amount in ₹ Lakhs Amount of Modifie Modifie Deviation / Rema d Original d Funds Variation for the Original Object rks, if Object, Allocation Allocatio utilized quarter according if any n, if any to applicable object To meet the Not Not Working Capital Applicab 1309.00^ Applicab 327.25^ No deviation - requirements le le Total 1309.00^ - 327.25^ - Deviation or Variation could mean: (a) Deviation in the objects or purpose for which the funds have been raised or (b) Deviation in 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. ^As on 30 September 2026, the Company has received 25% of the issue size, aggregating to ₹327.25 Lakh, as upfront consideration/subscription amount calculated at ₹29.75 per warrant for 11,00,000 warrants. The balance 75% of the issue size, amounting to ₹981.75 Lakh (i.e. ₹89.25 per warrant), shall be received Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com B.R.Goyal Infrastructure Limited CIN: L04520MP2005PLC017479 upon exercise of the conversion option by the warrant holders for conversion of warrants into equity shares, within a period of 18 months from the date of allotment of warrant. As on 30 September 2026, the total amount of ₹327.25 Lakh received has been fully utilized by the Company. For, B.R.Goyal Infrastructure Limited Dasharath Tomar Chief Financial Officer Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com