Statement of Deviation & Variation as on September 30, 2026.

DCX SYSTEMS LIMITED CIN: L31908KA2011PLC061686 An AS 9100D Certified Regd. Off. Add.: Aerospace SEZ Sector, Plot Nos. 29,30 and Email:cs@dcxindia.c om 107, Hitech Defence and Aerospace Park, Kavadadasanahalli, Tel: 080-67119555 Bengaluru Rural – 562110, Karnataka, India. Web:www.dcxindia.com November 11, 2026 BSE Limited National Stock Exchange of India Ltd P J Towers Exchange Plaza, C-1, Block G Dalal Street, Fort Bandra Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 Scrip Code – 543650 Symbol – DCXINDIA Dear Sir/Madam, Sub: Statement of Deviation or Variation as on September 30, 2026, in the use of proceeds of Initial Public Offer (IPO) and Qualified Institutional Placement (QIP) Pursuant to the Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements), Regulation 2015 read with SEBI Circular No. CIR/CFD/CMDI/162/2019 dated December 24, 2019, we hereby confirm that there is no deviation or variation in the utilization of proceeds of the Initial Public Offer (IPO) from the objects stated in the Prospectus dated November 04, 2022, and Qualified Institutional Placement (QIP) from the objects stated in the Placement Document dated January 19, 2024. A Statement of Deviation or Variation as on September 30, 2026, duly reviewed by the Audit Committee at its meeting held on November 11, 2026, is attached herewith. You are requested to take the same on your records. Thanking you, Yours faithfully, For DCX Systems Limited Gurumurthy Hegde Company Secretary, Legal & Compliance Officer DCX SYSTEMS LIMITED CIN: L31908KA2011PLC061686 An AS 9100D Certified Regd. Off. Add.: Aerospace SEZ Sector, Plot Nos. 29,30 and Email:cs@dcxindia.c om 107, Hitech Defence and Aerospace Park, Kavadadasanahalli, Tel: 080-67119555 Bengaluru Rural – 562110, Karnataka, India. Web:www.dcxindia.com STATEMENT OF DEVIATION OR VARIATION IN UTILIZATION OF FUNDS RAISED THROUGH INITIAL PUBLIC OFFER (IPO): Name of Listed Entity DCX SYSTEMS LIMITED Mode of Fund Raising Public Issue i.e. Initial Public Offer (IPO) Date of Raising Funds November 09, 2022 Particulars Amount Issue Size Rs. 400.00 Crs Amount Raised Expenses incurred related to Rs. 26.97 Crs IPO issue Net Proceeds available for Rs. 373.03 Crs utilization Report filed for Quarter Ended September 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation/Variation in use of funds No raised If yes whether the same is pursuant to change in Not Applicable terms of contract or objects, which was approved by Shareholders If yes, Date of Shareholders Approval Not Applicable Explanation of Deviation/Variation Not Applicable Comment of Audit Committee after review No Comments Comments of the auditors, if any No Comments DCX SYSTEMS LIMITED CIN: L31908KA2011PLC061686 An AS 9100D Certified Regd. Off. Add.: Aerospace SEZ Sector, Plot Nos. 29,30 and Email:cs@dcxindia.c om 107, Hitech Defence and Aerospace Park, Kavadadasanahalli, Tel: 080-67119555 Bengaluru Rural – 562110, Karnataka, India. Web:www.dcxindia.com Objects for which funds have been raised in the IPO and details of deviation, if any, in the following table: Original Object Modified Original Modified Funds Amount of Remark Object, if Allocation Allocation, if Utilised Deviation/Variation s, if any any (Rs. in Cr) any (Rs. in Cr) for Quarter (Rs. in Cr) according to applicable object Repayment/Prepaym Not 110.00 No Modified 110.00 ent, in full or part of Applicable Allocation certain borrowings Nil availed by the Company Funding working Not 160.00 No Modified 160.00 capital requirements Applicable Allocation Nil of the Company No deviation/variation Investment in our Not 44.88 19.80 19.80 in utilization of funds Wholly Owned Applicable raised through Initial Subsidiary, Raneal Public Offer (IPO) Advanced Systems Private Limited, to fund its capital expenditure expenses General Corporate Not 58.15 83.23 83.23 Purposes (GCP) Applicable Nil TOTAL 373.03 373.03 DCX SYSTEMS LIMITED CIN: L31908KA2011PLC061686 An AS 9100D Certified Regd. Off. Add.: Aerospace SEZ Sector, Plot Nos. 29,30 and Email:cs@dcxindia.c om 107, Hitech Defence and Aerospace Park, Kavadadasanahalli, Tel: 080-67119555 Bengaluru Rural – 562110, Karnataka, India. Web:www.dcxindia.com STATEMENT OF DEVIATION OR VARIATION IN UTILIZATION OF FUNDS RAISED THROUGH QUALIFIED INSTITUTIONAL PLACEMENT (QIP): Name of Listed Entity DCX SYSTEMS LIMITED Mode of Fund Raising Qualified Institutional Placement (QIP) Date of Raising Funds January 19, 2024 Amount Raised Particulars Amount Issue Size Rs. 500.00 Crs Expenses incurred related to Rs. 12.43 Crs QIP issue Net Proceeds available for Rs. 487.57 Crs utilization Report filed for Quarter Ended September 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation/Variation in use of funds No raised If yes whether the same is pursuant to change in Not Applicable terms of contract or objects, which was approved by Shareholders If yes, Date of Shareholders Approval Not Applicable Explanation of Deviation/Variation Not Applicable Comment of Audit Committee after review No Comments Comments of the auditors, if any No Comments DCX SYSTEMS LIMITED CIN: L31908KA2011PLC061686 An AS 9100D Certified Regd. Off. Add.: Aerospace SEZ Sector, Plot Nos. 29,30 and Email:cs@dcxindia.c om 107, Hitech Defence and Aerospace Park, Kavadadasanahalli, Tel: 080-67119555 Bengaluru Rural – 562110, Karnataka, India. Web:www.dcxindia.com Objects for which funds have been raised in the QIP and details of deviation, if any, in the following table: Original Object Modified Original Modified Funds Amount of Remarks, Object, if Allocation Allocation, Utilised Deviation/Vari if any any (Rs. in Cr) if any (Rs. in Cr) ation for (Rs. in Cr) Quarter according to applicable object Investment in our Not 209.00 209.00 209.00 No Nil Subsidiary, NIART Applicable No Modified deviation/variat Systems Ltd Allocation ion in utilization of funds raised Investment in joint Not 200.00 200.92 84.41 through Nil ventures and / or Applicable Qualified subsidiaries Institutional General Corporate Not 77.65 77.65 0.72 Placement Nil Purposes (GCP) Applicable No Modified (QIP) Allocation TOTAL 486.65 487.57 294.13 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. Thanking you, For DCX Systems Limited Gurumurthy Hegde Company Secretary, Legal & Compliance Officer