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

Date: 7th August, 2026 To To BSE Limited National Stock Exchange of India Limited 1st Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Mumbai-400001 Bandra Kurla Complex, Bandra (E), Scrip Code: 506642 Mumbai-400051, India Symbol: SADHNANIQ Subject: Statement of deviation or variation in the use of proceeds raised through the Rights Issue. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of proceeds raised through Rights Issue. A statement containing that there is no deviation or variation in the utilization of these proceeds, duly reviewed by the Audit Committee, is enclosed herewith. Kindly take the same on your records. FOR SADHANA NITRO CHEM LIMITED Abhishek Asit Javeri Managing Director DIN: 00273030 Statement on Deviation/ Variation in utilisation of funds raised Particulars Remarks Name of the listed entity Sadhana Nitro Chem Limited Mode of fund raising Rights Issue Date of raising funds March 12, 2026 Amount raised Rs. 263.53 Crores Report filed for quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable Acuite Ratings and Research Limited Is there a deviation/ variation in use of funds raised? No 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 shareholders’ approval Not applicable Explanation for the Deviation / Variation Not applicable Comments for 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 Original Modified Original Modified Fund Amount of Remarks, Object Object, if Allocation allocation, Utilised Deviation/ if any any (Amount if any (Amount Variation on for in Crores) in Crores) the quarter according to applicable object (in Rs. Crores) Inter- Nil 131.98 Nil 131.98 Corporate Deposit Promoters Nil 81.00 Nil 81.00 Loan Term Loan Nil 6.18 Nil 6.18 Long-Term Nil 16.09 Nil 16.09 Not Applicable Deviation Working Capital General Nil 27.00 Nil 27.00 Corporate Purposes Issue Related Nil 1.28 Nil 1.28 expenses Total - 263.53 - 263.53 - - 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 (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. FOR SADHANA NITRO CHEM LIMITED Abhishek Asit Javeri Managing Director DIN: 00273030