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

Date: 10 August, 2026 To, To Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Limited 2nd floor, P.J. Tower, Exchange Plaza, Plot No. C/1, G-Block Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai- 400 051 Company Code: 532888 C o m p a n y C o d e : A S I A N T I L E S Dear Sir/ Madam, Subject: Disclosure under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to subject matter, we enclose herewith the Statement of Deviation or Variation under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on 30 June, 2026, pursuant to the Rights Issue of the Company, Letter of Offer dated 06 April, 2022. You are requested to kindly take on your record. Thanking You. Yours truly, For Asian Granito India Limited Dhruti Trivedi Company Secretary and Compliance Officer Encl.: As above Statement of Deviation/ Variation in utilization of funds raised Name of listed entity Asian Granito India Limited Mode of Fund Raising Rights Issue Date of Raising Funds 10-05-2022 Amount Raised Rs. 440.96 Crores Report filed for Quarter ended 30-06-2025 Monitoring Agency Applicable Monitoring Agency Name, if applicable ICRA Limited Is there a Deviation / Variation in use of funds raised Yes, Variation in the Object Clause of Offer Letter dated 06.04.2022 If yes, whether the same is pursuant to change in terms of a contract Change in terms of an objects which or objects, which was approved by the shareholders was approved by the shareholders If Yes, Date of shareholder Approval 30-03-2023 Explanation for the Deviation / Variation Postal Ballot Notice with Explanation Statement Attached 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 Original Object Modifie Original Modified Funds Amount of Remarks, if any d Allocation allocation, Utilized Deviation / Object, if any Variation for if any the quarter according to applicable object Funding of Capital N.A. Rs. N.A. Rs. Rs. NIL Expenditure for Setting up of 1733727496 1733727496 new manufacturing units under the newly incorporated wholly owned subsidiaries of the company - Future Ceramic Pvt. Ltd. Funding of Capital N.A. Rs. N.A. Rs. Rs. NIL Expenditure for Setting up of 452552798 452552798 new manufacturing units under the newly incorporated wholly owned subsidiaries of the company - AGL Sanitaryware Pvt. Ltd Funding of Capital Yes Rs. Rs. NIL Rs. NIL Rs. Expenditure for Setting up of 321682822 321682822 new manufacturing units under the newly incorporated wholly owned subsidiaries of the company - AGL Surfaces Pvt. Ltd. Working Capital for Yes Rs. Rs. Rs. Rs. Greenfield Projects 394000000 300000000 300000000 94000000 Capex for Setting up Display Yes Rs. Rs. NIL Rs. NIL Rs. Centre at Morbi 372332279 372332279 General Corporate Purpose N.A. Rs. N.A. Rs. Rs. NIL 947451000 947451000 Capex for Setting up Display Yes Rs. NIL Rs. Rs. Rs. NIL AGL had initially Centre cum Office at 738015101 738015101 entered into an Ahmedabad agreement with an EPC contractor for the development of a Display Center in Ahmedabad, supported by an advance payment of INR 69.000 crore. However, this contract was terminated in Q4FY25. By the end of Q2FY26, INR 68.715 crore of the advance had been refunded, leaving a balance of ₹0.285 crore still pending. Subsequently, AGL signed a new agreement with a different vendor, to whom a total of INR 73.802 crore was transferred. AGL expects to receive the remaining INR 0.285 crore from the previous contractor in upcoming quarter. Further, as confirmed by management, implementation of the project is yet to commence. Setting up of Stock Point for Yes Rs. NIL Rs. Rs. Rs. NIL The issuer has entered Trading of Building 50000000 50000000 into an agreement with Construction Material its wholly owned subsidiary for the setting up of a stock point for carrying out Trading Business of various building construction materials under Asian Granito India Limited Pursuant to this arrangement, an advance of INR 5.00 crore was transferred to the subsidiary during Q1FY27. Under the terms of the agreement, the subsidiary will construct a warehouse at its premises in Morbi, which will subsequently be leased to AGL for operating the stock point and carrying out the trading of building and construction materials. The subsidiary has agreed to complete the construction of the warehouse within three years from the date of execution of the agreement and hand over possession of the warehouse to AGL by May 2029. The lease tenure has been agreed at 12 years from the date of handover of possession, and the advance provided by AGL will be adjusted against the lease rentals payable during the lease term. 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, Asian Granito India Limited Dhruti Trivedi Company Secretary and Compliance Officer