Statement of deviation and variation- Q1/FY2026-27

August 07, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 543664 Scrip Symbol: KAYNES Dear Sir/Madam, Subject: Statement of deviation or variation in utilisation of funds, if any, under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"). Pursuant to Regulation 32 of the Listing Regulations, we hereby confirm that during the Quarter ended June 30, 2026, there were no deviations or variations in the utilisation of proceeds of the following issues: Sl. No Particulars Date of allotment Monitoring Agency 1 Qualified Institutional Placement 21 December 2023 ICRA Limited 2 Qualified Institutional Placement 24 June 2025 CRISIL Ratings Limited A statement of deviation or variation report for the Quarter ended June 30, 2026 duly reviewed by the Audit Committee and Board of Directors of the Company at its meeting held on August 07, 2026 is enclosed herewith. The above information will also be available on the website of the Company at www.kaynestechnology.co.in Kindly take the above information on record and acknowledge it. Thanking You Yours faithfully, For Kaynes Technology India Limited Sudhasri Addepalli Company Secretary and Compliance Officer ICSI Membership No. ACS 79832 Enclosed: • Certificate of deviation or variation. KAYNES TECHNOLOGY INDIA LIMITED CIN: L29128KA2008PLC045825 Website: www.kaynestechnology.co.in email ID: kaynestechcs@kaynestechnology.net H.O & Registered office Address: 23-25, Belagola, Food Industrial Estate, Metagalli PO, Mysore 570016, Karnataka, India Telephone No: +91 8212582595 STATEMENT OF DEVIATION OR VARIATION IN UTILISATION OF FUNDS UNDER REGULATION 32 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("Listing Regulations") Kaynes Technology India Limited Name of listed entity Qualified Institutions Placement Mode of Fund Raising December 21, 2023 (*) (*) The Date of Raising Funds is the date of Date of Raising Funds Allotment of Shares aggregating to ₹ 1399,99,98,648.00 Amount Raised 30th June, 2026 Report filed for Quarter ended Applicable/not applicable Monitoring Agency ICRA Limited Monitoring Agency Name, if applicable Yes/No Is there a Deviation / Variation in use of funds raised If yes, whether the same is pursuant to change in terms of a contract or Not Applicable objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Applicable Explanation for the Deviation / Variation No comments Comments of the Audit Committee after review No comments Comments of the auditors, if any hnology Laia Mauyel MMy0s0 11 661 OBJECTS FOR WHICH FUNDS HAVE BEEN RAISED AND WHERE THERE HAS BEEN A DEVIATION, IN TH (E IN F RO iL n L MiO lW liI onN sG ) TABLE: Modified Amount of Modified Original Funds Remarks, Original Object Object, if Allocation Allocation, Utilised Deviation/variation if any any if any for the quarter Part funding the cost of establishment of the OSAT -NA- 7,567.11 -NA- 7315.55 -NA- -NA- Facility Part funding the cost of establishment of the PCB -NA- 3,072.89 -NA- 3,072.89 -NA- -NA- Facility -NA- 3,100.00 -NA- 3,100.00 -NA- -NA- General corporate purposes Net Proceeds (i)13,740.00 13,488.44 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 NOTES: (i) Net Amounts transferred to Monitoring Agency Account from the Public Issue Account was Rs. 13,740 million (Gross Issue Proceeds of Rs. 14,000 million reduced by the following: a) Issue Expenses of Rs. 260 million. (ii) The entire unutilized funds have been deposited with the scheduled commercial banks as fixed Deposits namely Canara Bank and Federal Bank For Kaynes Technology India Limited h n o l o g y Margl Java My 5s 7o 0r 0e 16 Jairam P Sampath nyaK Whole Time Director & CFО DIN: 08064368 STATEMENT OF DEVIATION OR VARIATION IN UTILISATION OF FUNDS UNDER REGULATION 32 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (“Listing Regulations") Name of listed entity Kaynes Technology India Limited Oualified Institutions Placement Mode of Fund Raising June 24, 2025 (*) (*) The Date of Raising Funds is the date of Date of Raising Funds Allotment of Shares Amount Raised aggregating to ₹ 1599,99,92,766.00 Report filed for Quarter ended 30th June, 2026 Monitoring Agency Applicable/not applicable CRISIL Limited Monitoring Agency Name, if applicable Is there a Deviation / Variation in use of funds raised Yes/No If yes, whether the same is pursuant to change in terms of a contract or Not Applicable 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 Jo's Nayal chnology M 1y 0s 0o1r6 OBJECTS FOR WHICH FUNDS HAVE BEEN RAISED AND WHERE THERE HAS BEEN A DEVIATION, IN TH (E NF RO iL L MiO lW liI oN nsG TABLE: Modified Original Modified Funds Amount of Remarks, Original Object Object, if Allocation Allocation, Utilised Deviation/variation if any any if any for the quarter Repayment and/or prepayment, whether in whole or in part, of outstanding indebtedness of our -NA- 8,412.61 -NA- 8,412.61 -NA- -NA- Company and/or its subsidiaries Funding of working capital requirements of our -NA- 2,000.00 -NA- 2000.00 -NA- -NA- Company Funding of inorganic growth opportunities, including but not limited to acquisitions, strategic -NA- 1,600.00 -NA- 1,600.00 -NA- -NA- investments, and joint ventures -NA- 3,737.05 -NA- 3,327.97 -NA- -NA- General corporate purposes Net Proceeds ()15,749.66 15.340.58 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 NOTES: (i) Net Amounts transferred to Monitoring Agency Account from the Public Issue Account was Rs. 15,740 million (Gross Issue Proceeds of Rs. 16,000 million as reduced by the following: a) Issue Expenses of Rs. 250.34 million. b) Balance available in Public Issue Account is Rs.0.09 million. (ii) The entire unutilized funds have been deposited in investment as permitted under applicable laws and the Investment Policy of the Company For Kaynes Technology India Limited chhoroб1 Jain Mauyah- MysoreI Se 570016 y O E L Jairam P Sampath a .d Whole Time Director & CFO DIN: 08064368