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

July 29, 2026 ANL/Stock Exchanges/2026-27 To, To, The General Manager, The Listing Department. Department of Corporate Services, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, C-1, Block G P.J. Towers, Dalal Street, Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Company Code No.: 543743 Trading Symbol: AERONEU Dear Sir/Madam, Subject : Statement of Deviation or Variation in utilization of funds raised under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the Quarter ended June 30, 2026. Please find enclosed herewith Statement of Deviation and Variation as per regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended June 30, 2026 in the prescribed format as Annexure A. We further inform you that the aforesaid statement has been reviewed by the Audit Committee and noted and taken on record by the Board of Directors of the Company. Kindly take the above information on your records. Thanking you, Yours faithfully, For Aeroflex Neu Limited Alka Premkumar Gupta Company Secretary Membership No: A35442 Encl: As above Annexure A STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED Name of listed entity Aeroflex Neu Limited (Formerly known as Sah Polymers Limited) Mode of Fund Raising Allotment of convertible warrants on preferential basis Date of Raising Funds 25th July, 2025 (Date of allotment of Warrants) Amount Raised Rs. 6,480 Lakhs* Report filed for Quarter ended June 30, 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds No Deviation / Variation raised If yes, whether the same is pursuant to change in Not Applicable 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 No Comments Comments of the auditors, if any No Comments Objects for which funds have been raised and where there has been a deviation, in the following Table Amount (Rs. In Lakhs) Original Object Modified Original Modified Funds Amount Remarks Object, if Allocation Allocation, Utilised of if any any if any Deviation/ Variation for the quarter according applicable object To Construct, build, NA 4,000 NA Nil Nil - operate, establish, develop, acquire, purchase of land for, and invest in, Plug and Play Office complex, AI Park, IT Park, residential and industrial complexes through self, subsidiary(ies) or in joint collaboration Long-term working NA 1,200 NA 275 Nil - capital requirements Preferential Issue NA 25 NA 10.34 Nil - expenses General Corporate NA 1,255 NA 510.16 Nil - Purpose Total NA 6,480 NA 795.50 Nil - 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 *Note: Out of total amount raised of Rs. 6,480 Lakhs, proceeds of Rs. 1,620 Lakhs i.e. 25% of issue price has been received by the Company and remaining 75% i.e. Rs. 4,860 Lakhs will be received at the time of conversion of warrants into equity shares i.e. within 18 months from the date of allotment of the warrants.