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

Date: August 10,2026 BSE Limited National Stock Exchange of India Limited 1st Floor, New Trading Wing, Rotunda Building Exchange Plaza, 5th Floor, C-1, Block G, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Bandra- Kurla Complex, Mumbai-400051 Mumbai – 400001 corp.relations@bseindia.com cmlist@nse.co.in SCRIP Code- 544133 Trading Symbol-EXICOM RE: Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Subject: Statement of Nil Deviation or Variation in Utilization of Proceeds from Initial Public Offer and Pre-IPO Placement pursuant to Regulation 32(1) and 32(3) of the SEBI Listing Regulations Dear Sir/ Madam, Pursuant to Regulation 32(1) and 32(3) of the SEBI Listing Regulations, we hereby submit the Statement of Nil Deviation or Variation in Utilisation of Proceeds for the quarter ended June 30, 2026, in respect of the proceeds raised through the Initial Public Offer (“IPO”) and Pre-IPO Placement. We would like to inform you that the Company has fully utilised the proceeds raised through the IPO and Pre-IPO Placement and no amount remains unutilised as on date. Accordingly, no further Statement of Deviation or Variation in respect of the IPO and Pre-IPO Placement will be required to be submitted by the Company henceforth. The aforesaid Statement was placed before and reviewed by the Audit Committee at its meeting held today, i.e., August 10, 2026, and the same is enclosed herewith for your information and record. You are requested to take the above information on record. Thanking you. Yours faithfully, For Exicom Tele-Systems Limited Sangeeta Karnatak Company Secretary & Compliance Officer Enclosed: As stated above STATEMENT OF NIL DEVIATION/VARIATION IN UTILISATION OF FUNDS RAISED IN IPO OF THE COMPANY Name of Listed Entity Exicom Tele-Systems Limited Mode of Raising Funds Public Issue & Pre-IPO Date of Raising Funds December 27, 2023 (Pre-IPO placement issue date) & February 27,2024 to February 29, 2024 (Public Offer) Amount Raised Rs. 400 crore Report filed for the quarter 30.06.2026 Monitoring Agency Applicable Monitoring Agency Name CARE Ratings Limited Is there any deviation /variation in the use of fund raised No If yes, whether the same is pursuant to change in terms of a No contract or objects, which was approved by shareholders If yes, Date of Shareholder Approval Not Applicable Explanations for the deviation 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 deviation in the following table (Amount in crores) S.NO. Original Objects Modified Original Modified Funds Amount of Remarks, opinion, allocation allocation, Utilized Deviation/Variation if any if any if any Till the end for the quarter (Rs. In (Rs. In of quarter according to crores) crores) ended applicable objects June 30, (Rs. In crores) 2026 (Rs. In crores) 1 Part financing the NA 151.47 0 151.47 0 NA cost towards setting up of production/assembly lines at the planned manufacturing facility at Telangana 2. Repayment/pre- NA 50.30 0 50.30 0 NA payment, in part or full, of certain borrowings of our Company 3. Part-funding NA 69.00 0 69.00 0 NA incremental working capital requirements 4. Investment in R&D NA 40.00 0 40.00 0 NA and product development 5. General Corporate NA * 61.00 0 61.00 0 NA Purpose 6. Offer related NA * 28.23 0 28.23 0 NA expenses Total 400 0 400 0 *The revised allocation towards General Corporate Purposes of ₹61.00 crore and Offer Related Expenses of ₹28.23 crore was approved by the Board of Directors. Accordingly, a surplus amount of ₹0.64 crore from the allocation earmarked towards Offer Related Expenses has been utilized towards General Corporate Purposes. Deviation or variation could mean: a) Deviation in the objects purposes for which funds have been raised 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 Exicom Tele-Systems Limited Shiraz Khanna Chief Financial Officer