Statement of Deviation & Variation

August 11, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai – 400001 Mumbai – 400051 Scrip Code: 543223 Name of Scrip: MAXIND Sub: Statement of deviation or variation of funds for the quarter ended June 30, 2026. Dear Sir/Madam, Pursuant to Regulation 32(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the utilisation of proceeds of Rights Issue & preferential issue during the quarter ended June 30, 2026 from the objects as stated in Letter of Offer dated April 25, 2025. A copy of Statement of deviation is enclosed as Annexure-A. You are requested to kindly take the aforesaid on record. Thanking you, Yours faithfully, For Max India Limited Trapti Company Secretary & Compliance Officer Encl.: As above MAX INDIA LIMITED CIN: L74999DL2019PLC464953 Corporate Office: Landmark House, 3rd Floor, Plot No. 65, Sector-44, Gurgaon - 122003, Haryana | www.maxindia.com +91 124 6984444 | Regd. Office: Max House, 1, Dr. Jha Marg, Okhla, New Delhi, India – 110020 ; MAXIINDIA ...,, LIMITED Annexure-A Statement of Deviation/ Variation in utilisation of funds raised Name of listed entity Max India Limited Mode of Fund Raising Rights Issue Preferential Issue Date of Raising Funds May 23, 2025 September 24, 2025 Amount Raised Rs. 124.23 Crores !Received Rs.40.17 crore ,50% consideration) out ol Rs.80.35 crore. Report filed for Quarter ended June 30; 2026 lune 30, 2026 Monitoring Agency Applicable Not Applicable Monitoring Agency Name, if applicable CARE Ratings Limited Not Applicable Is there a Deviation / Variation in use of funds raised No No If yes, whether the same is pursuant to change in terms oJN ot Applicable Not Applicable a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Not Applicable Explanation for the Deviation/ Variation Not Applicable Not Applicable Comments of the Audit Committee after review !Not Applicable Not Applicable Comments of the auditors, if any Not Applicable Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table: Not Applicable Amount of Modified Deviation/V ariatio Modified Object, Original Funds Remarks if Original Object allocation, if n for the quarter if any Allocation Utilised any any according to applicable object 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 off unds 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 ofo ffer, etc Yours faithfully, For Max India Limited Sandeep Pathak Chief Financial Officer MAX INDIA LIMITED CIN: L74999DL2019PLC464953 Corporate Office: Landmark House, 3rd Floor, Plot No. 65, Sector-44, Gurgaon -122003, Haryana I ,ic r,, 1 +91124 6984444 I Regd. Office: Max House, 1, Dr. Jha Marg, Okhla, New Delhi, India -110020