Statement of Deviation and Variation for the Quarter ended September 30, 2026

November 14, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, 25th Floor Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 535136 Symbol: NIBE Subject: Statement of Deviation or Variation pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Dear Sir/Madam, Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform you that there is no deviation or variation in the utilization of funds raised by the Company through Preferential Allotment on July 14, 2026 (Allotment Date). The detailed Statement of Deviation or Variation for the quarter and half year ended September 30, 2026, is annexed herewith as “Annexure A”. The above information is also available on the website of the Company i.e., www.nibelimited.com. Kindly take the same on record. Thanking you, Yours faithfully, For Nibe Limited Komal Bhagat Company Secretary & Compliance Officer Membership No.: A49751 Encl.: as above Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501| Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813 Annexure A Statement of Deviation / Variation in utilization of Funds raised Name of listed entity Nibe Limited Mode of Fund Raising Preferential Allotment Date of Raising Funds 05/03/2026, 08/06/2026 and 14/07/2026 Amount Raised Rs. 1,573,600,750 Report filed for Quarter ended September 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable Crisil Ratings Limited Is there a Deviation / Variation in use of No funds raised If yes, whether the same is pursuant to Not Applicable change in terms of a contract or objects which were approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments review of the Audit Committee No Comments required after Comments of the auditors, if any No Comments required Objects for which funds have been raised The proceeds of Preferential Allotment of Equity Shares are and where there has been a deviation, in the utilized for the object given below. following table Original Object Modified Original Modified Funds Amount Deviate/ Object, if any Allocation Allocation, Utilized (Rs. Variation for the (Rs. In if any In Lakhs) quarter according Lakhs) to applicable object Funding Capital NA 12,685 NA 3,600.00 NA Expenditure requirements for development setting up of new facilities including construction and civil works. Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501| Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813 Repayment of existing NA 7,500 NA 7,500.00 NA borrowing Augment Working NA 2,500 NA 2,311.00 NA Capital needs of the Company GCP NA 2,500 NA 2,122.48 NA Remarks if any • Out of total public issue 75% of the warrant subscription is pending for 10,01,500 warrants as on September 30, 2026. • There is unutilized amount of Rs 2,53,008/- as on September 30, 2026, lying in the current account of the Company. 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. Yours faithfully, For Nibe Limited Ganesh Ramesh Nibe Managing Director DIN No: 02932622 Email ID: cs@nibelimited.com Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501| Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813