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

KIRLOSKAR ELECTRIC COMPANY LTD., Sect./45/2026-27 November 6, 2026 The Manager, The Manager, Corporate Relationship Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, 2nd Floor, New Trading Ring, C-1, Block ‘G’, 5th Floor, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 001. Mumbai – 400051. Scrip: 533193; ISIN: INE134B01017 Symbol: KECL; ISIN: INE134B01017; Dear Sir, Sub: Statement of Deviation or Variation in utilization of funds raised under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the Quarter ended September 30, 2026.; Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, as amended, please find enclosed herewith the Statement of Deviation or variation in utilization of funds raised through Preferential issue of Equity by the Company, for the quarter ended September 30, 2026, reviewed and approved by the Audit Committee at its meeting held on November 6, 2026. Kindly take the above on record and oblige. Thanking you Yours faithfully For Kirloskar Electric Company Limited Mahabaleshwar Bhat Company Secretary & Compliance Officer Encl: a/a Regd. Office: No. 19, 2nd Main Road, Peenya 1st Stage, Phase -1, Peenya, Bengaluru, Karnataka, 560058 T+91 80 2839 7256, F +91 80 2839 6727; Email Id: investors@kirloskarelectric.com Customer care No. : 1800 102 8268, website: www.kirloskarelectric.com CIN: L31100KA1946PLC000415 KIRLOSKAR ELECTRIC COMPANY LTD., Statement of Deviation / Variation in utilisation of funds raised: Kirloskar Electric Company Limited Name of listed entity Mode of Fund Raising Preferential issue Date of Raising Funds 23 Sep 2026 Amount Raised Rs. 399999927.38 Report filed for Quarter ended 30 Sep 2026 Monitoring Agency Not applicable Monitoring Agency Name, if applicable Not applicable 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 Not applicable where there has been a deviation, in the foliowing table Original Object Modified |Original tflodified F unds Utilised [Amount of Remarks if| Original | Object, if |Allocation liocation, Deviation/Variatio any Object any if any for the quarter ccording to pplicable object Working Capital Not Rs. Not R s.5,00,00,000/-Nct applicable Not Not Utilisation, applicable [39,99,99,927.38 applicable applicable applicable including /- repayment /prepayment of existing working capital borrowings and funding of the ¢ Company's working capital. Regd. Office: No. 19, 2nd Main Road, Peenya 1st stage, Phase - 1, Peenya, Bengaluru, Karnataka - 5660 058 T + 91 80 2839 7256 / 2839 9094, F +91 80 2839 6727, Email id: investors@kirloskarelectric.com Customer care No. ¢ 1800 102 8268, website : www kirloskarelectric.com CIN:L31100KA1946FLC000415 KIRLOSKAR ELECTRIC COMPANY LTD., 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 Kirloskar Electric Company Limited Dillip Kumar Pani : ; Chief Financial Officer N % A Regd. Office: No. 19, 2nd Main Road, Peenya 1st stage, Phase - 1, Peenya, Bengaluru, Karnataka - 560 058 T+ 91 80 2839 7256 / 2839 9094, F +91 80 2839 6727, Email Id: investors@kirloskarelectric.com Customer care No. : 1800 102 8268, website : www.kirloskarelectric.com CIN:L31100KA1946PLC000415