Statement of Deviation & Variation for quarter and half year ended 30.09.2026

Sharvaya METALS LTD. Date: November 06, 2026 BSE Limited P ] Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 544506 Dear Sir, Sub.: Statement of deviation or variation for the quarter and half year ended on September 30, 2026 Ref: Funds raised by way of Initial Public Offer (IPO) AS iRP s ueeu sg gpr uu t us al e su na ma tctn b ei 2t eo 6o n r ,t fs o 23, E 00R 2, qe 2 5ug 0 2 ,iu 1 0 tl 25 y6a ,t a S i s t h o h aan e r m r3 ee e2 s n wo d faf e r st d oh , mne oS tw hE de eB e I vh oi be( a jL r t ei e i cs b o tt sy ni n o scg r t oO a n vb tf al ei ri dir g am ia t n t i ti o tho n han ets i n rda etun dhrd ei h D n u ei g t rs i rc lt iil h nso e a gs t u q i pr u o re na o rR sote pfeq er pu c ri te o ur n c se d e m ee de dd an s tt o es o dn) f S CA e o p ms t mt e ia mt tbe tm e ee r en t o3 f0o , tf h 2 ed 0 e C2v 6 oi , ma t pii n ao nn a yco c r io sr v eda nr a ci na lct oei o en w d, i hti ehf ea S wn Ey iB, tI hf ,o cr i rt cuh le a rq ,u a dr ut le yr a rn evd i h ea wl ef d ye ba yr te hn ed e Ad u do in t fIn o ut nhi ds ir ne g ala lr d t, h ec ro em pp ora tn sy r h ea pos r a tp ep do ti iln lt de ad t eM .o nitoring Agency and there were no deviations You are requested to take the same on your record. Thanking You Yours Faithfully, Date: November 06, 2026 Place: Ahilyanagar Registered Office & Factory Address.: Gat No. 59, 17th KM Stone, Nagar-Kalyan Highway, Village Bhalwani, Taluka - Parner, District - Ahilyanagar. Pin Code - 414 302. Maharashtra, INDIA, Email - info@sharvayametals.com, sharvayametals@gmail.com Website - www.sharvayametals.com Contact - +91- 9175448175 CIN NO. L27310PN2014PLC150937 STATEMENT OF DEVIATION(S) OR VARIATION(S) (Regulation 32 of SEBI (LODR) Regulations, 2015) A. Statement of Utilization of Funds Raised Particulars Amount raised | Amount utilized | Unutilized Remarks amount Initial Public Offer | Rs. 4900.00 lacs | Rs. 4430.00 lacs | Rs. 470.00 lacs B. Statement of Deviation(s) or Variation(s) Particulars Funds raised Actual Deviation/Varia | Remarks -utilizati|on tion Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable (i) Deviation in use of proceeds : ¥es—/ No (If Yes, specify) (ii) Variation in terms of the contract referred to in the prospectus/offer document: Yes/ No (If Yes, specify) C. Deviation(s) & Variation(s) Explanation Details of deviation/variation along with reasons: 1. Object of the issue: Our Company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on SME platform of BSE Limited: 1. To meet the working capital requirements; 2. To fund capital expenditure for Civil construction and electrification; 3. To fund capital expenditure for purchase of Plant and Machinery; and 4. General corporate purposes 2. Details of deviation/variation: No deviation / variation 3. Comments of Audit Committee: Satisfactory as no deviation / variation 4. Comments of Board of Directors: Satisfactory as no deviation / variation D. Status of Utilization of Unutilized Funds Particulars Amount (%) Proposed timeline for utilization Initial Public Offer Rs. 470.00 lacs By March 2027 E. Confirmation The listed entity hereby confirms that there has been no deviatlon(s)/varlation(s) in the use of proceeds from the objects stated in the offer document/prospectus OR deviations as explained above are true and correct. Date: November 06, 2026 Place: Ahilyanagar