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

WALCHANDNAGAR INDUSTRIES LIMITED Walchandnagar: 413 114, Dist. Pune, Maharashtra, India Tel: 02118-252 235/252 236/252 237/252 238 Fax: 02118-252 584 Website: www.walchand.com Email: wil@walchand.com Date : August 11, 2026 National Stock Exchange of India Ltd BSE Ltd. Exchange Plaza, 5th floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai 400 001. Mumbai 400 051. Fax: 22723121/2039/2037 Fax :26598237/38, 66418126/25/24 Scrip Code : 507410 Scrip Code : WALCHANNAG Sub.: Statement of deviation or variation in the use of proceeds raised through Preferential Issue Dear Sir/Madam, Pursuant to Regulation 32 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 Preferential Issue from the objects stated in the “Letter of Offer”/EGM Notice for Preferential Issue. A statement confirming that there is no deviation or variation in the utilisation of these proceeds for the quarter ended June 30, 2026, duly reviewed by the Audit Committee in its meeting held today i.e. August 11, 2026, is enclosed herewith as “Annexure A”. We request you to take the same on record. Thanking you, For Walchandnagar Industries Limited G. S. Agrawal Whole Time Director & Company Secretary DIN: 00404340 REGD OFFICE: Siddharth Towers (Tower No.1), S.No.12/3-B, Office 908 to 910, Kothrud, Pune- 411 038, Maharashtra, India. Tel: 020-2543 8585 Fax: 020-2543 8585 CIN: L74999PN1908PLC255621 WALCHANDNAGAR INDUSTRIES LIMITED Walchandnagar: 413 114, Dist. Pune, Maharashtra, India Tel: 02118-252 235/252 236/252 237/252 238 Fax: 02118-252 584 Website: www.walchand.com Email: wil@walchand.com Statement of Deviation / Variation in utilisation of funds raised: Annexure A Name of listed entity Walchandnagar Industries Limited Mode of Fund Raising Issue of Fully Convertible Equity Warrants on Preferential Basis Date of Raising Funds November 03, 2023 Amount Raised Rs. 247.59 crores to be raised in total, out of which 1. Rs. 216.00 crores has been raised and received from investors, 2. Rs. 31.59 crores has been adjusted towards conversion/appropriation of outstanding loan amounting to Rs. 31.59 crores. Report filed for Quarter ended June 30, 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable ICRA Limited Is there a Deviation / Variation in use of No funds raised If yes, whether the same is pursuant to Not Applicable change in terms of a contract or 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 As mentioned in the Remarks Para of the review enclosed Report 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 Revised Modif Funds Amount of Remarks if d Object, Allocatio Allocatio ied Utilised Deviation any if any n n allocat /Variation ion, if for the any quarter according to applicable object 1. To repay loan to Not Rs. 31.59 Not Not Till 30th Not No Deviation promoter group Applicab crores Applicabl Applic June Applicable entities by le e able 2026, Rs. attributing/ 31.59 appropriating such crores loan towards was consideration of utilized. warrants/ shares REGD OFFICE: Siddharth Towers (Tower No.1), S.No.12/3-B, Office 908 to 910, Kothrud, Pune- 411 038, Maharashtra, India. Tel: 020-2543 8585 Fax: 020-2543 8585 CIN: L74999PN1908PLC255621 WALCHANDNAGAR INDUSTRIES LIMITED Walchandnagar: 413 114, Dist. Pune, Maharashtra, India Tel: 02118-252 235/252 236/252 237/252 238 Fax: 02118-252 584 Website: www.walchand.com Email: wil@walchand.com 2. Repayment of Term Not Rs. 41 Rs. 45 Not Till 30th Not No Loan/ Working Applicabl crores crores Applic June Applicable Deviation. Capital facility e able 2026, Rs. Board 45 crores Resolution was passed to utilized. approve the reallocation of the proceeds allocated towards Capital Expenditure Repayment of loans of INR 4.00 crore. 3. Capital Expenditure Not Rs. 105 Rs. 84 Not Till 30th Not No (Plant & Equipment, Applicabl crores crores Applic June Applicable Deviation. Building Shades, e able 2026, Rs. The Furniture & Fixtures, 79.50 company Computers and Office crores has utilized Equipment) was the Capital utilized. Expenditure money of INR 21.00 crore for repayment of loan and Working Capital. 4. Working Capital Not Rs. 50 Rs. 67 Not Till 30th Not No Applicabl crores crores Applic June Applicable Deviation. e able 2026, Rs. Board 66.56 Resolution crores passed to was approve the utilized. reallocation of the proceeds allocated towards Capital Expenditure to Working Capital of INR 17.00 crore. REGD OFFICE: Siddharth Towers (Tower No.1), S.No.12/3-B, Office 908 to 910, Kothrud, Pune- 411 038, Maharashtra, India. Tel: 020-2543 8585 Fax: 020-2543 8585 CIN: L74999PN1908PLC255621 WALCHANDNAGAR INDUSTRIES LIMITED Walchandnagar: 413 114, Dist. Pune, Maharashtra, India Tel: 02118-252 235/252 236/252 237/252 238 Fax: 02118-252 584 Website: www.walchand.com Email: wil@walchand.com 5. General Corporate Not Rs. 20 Not Not Till 30th Not No Purposes Applicabl crores Applicabl Applic June Applicable Deviation e e able 2026, Rs. 20 crores utilized. 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. For Walchandnagar Industries Limited G. S. Agrawal Whole Time Director & Company Secretary DIN: 00404340 REGD OFFICE: Siddharth Towers (Tower No.1), S.No.12/3-B, Office 908 to 910, Kothrud, Pune- 411 038, Maharashtra, India. Tel: 020-2543 8585 Fax: 020-2543 8585 CIN: L74999PN1908PLC255621