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

HITACHI August 07, 2026 The Secretary, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited, 1st Floor, Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, 5th Floor, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 543187 Scrip Symbol: POWERINDIA Subject: Regulation 32(3) - Statement of deviation or variation for the quarter ended June 30, 2026 Ref.: Funds raised through Qualified Institutional Placement (QIP) Dear Sir / Madam, We are enclosing herewith the statement of deviation or variation in the use of proceeds raised through the Qualified Institutional Placement (QIP) pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended June 30, 2026. The said statement was reviewed by the Audit Committee at its Meeting held on today i.e., August 07, 2026. We hereby confirm that during the quarter ended June 30, 2026, there is no deviation or variation in the use of proceeds raised through QIP from the objects as stated in the Placement Document dated March 13, 2025. Kindly take the same on your records. Thank you, Yours faithfully, For Hitachi Energy India Limited Poovanna Ammatanda General Counsel and Company Secretary Encl.: as above Hitachi Energy India Limited Registered and Corporate Office: 8th Floor, Brigade Opus, 70/401, Kodigehalli Main Road, Bengaluru - 560 092 Email ID: investors@hitachienergy.com Phone: 080 68473700 CIN: L31904KA2019PLC121597 hitachienergy.com/in HITACHI Regulation 32(3) - Statement of Deviation or Variation, if any, in the use of proceeds Name of the listed entity Hitachi Energy India Limited Mode of Fund Raising Qualified Institutional Placement Date of Raising Funds March 13, 2025 Amount Raised Rs. 2520.82 Crores (Gross proceeds) Rs. 2,476.29 Crores (Net Proceeds) Report filed for Quarter ended June 30, 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable Crisil Ratings Limited Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms Not Applicable 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 where there has been a deviation, in the following table Original Object Modified O riginal Modified Funds Utilised Amount of Remarks if any Object, if any Allocation (Rs. allocation, if (Rs. In Crores) Deviation/ In Crores) any Variation for the quarter according to applicable object 1. Funding the Not Applicable Rs. 1,513.28 Not Applicable Rs. 634.63 Not Applicable Utilisation is capital related to expenditure capacity requirements increase, of our equipment Company, addition and including civil works. towards expansion development of our Business Units 2. Funding the Not Applicable Rs. 350.00 Not Applicable Nil Not Applicable No utilisation working during the capital reported requirements quarter of our Company Hitachi Energy India Limited Registered and Corporate Office: 8th Floor, Brigade Opus, 70/401, Kodigehalli Main Road, Bengaluru - 560 092 Email ID: investors@hitachienergy.com Phone: 080 68473700 CIN: L31904KA2019PLC121597 hitachienergy.com/in HITACHI 3. General Not Applicable Rs. 613.01 Not Applicable Nil Not Applicable No utilisation Corporate during the Purposes reported quarter Total Rs. 2,476.29 Rs. 634.63 Hitachi Energy India Limited Registered and Corporate Office: 8th Floor, Brigade Opus, 70/401, Kodigehalli Main Road, Bengaluru - 560 092 Email ID: investors@hitachienergy.com Phone: 080 68473700 CIN: L31904KA2019PLC121597 hitachienergy.com/in