Statement of Deviation or Variation for the Quarter Ended June 30, 2026.

August 12, 2026 To, To, The Listing Department The Listing Department BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 Scrip Code: 544587 Symbol: MIDWESTLTD Dear Sir / Madam, Sub: Statement of deviation(s) or variation(s) in utilization of IPO proceeds for the quarter ended June 30, 2026. Pursuant to Regulation 32 of the SEBI Listing Regulations, and based on the review by Audit committee in its meeting held on August 12, 2026, we hereby inform that there are no deviation(s) or variation(s) in respect of the utilization of the proceeds of the Initial Public Offer (“IPO”) of the Company during the quarter ended June 30, 2026. Accordingly, a NIL statement of deviation(s) or variation(s) is enclosed herewith as Annexure A. You are requested to take the same on record.. Thanking you, Yours sincerely For MIDWEST LIMITED K. Achyutanand Reddy Company Secretary Mem. No.: A44619 Statement of deviation / variation in utilization of funds for the quarter ended March 31, 2026 Name of listed entity Midwest Limited (Formerly known as Midwest Granite Private Limited) Mode of Fund Raising Public Issue Date of Raising Funds October 20, 2025 Amount Raised ₹2,500.00 Million (Excluding OFS portion: ₹2,010.00 Million) Report filed for Quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name CRISIL Rating Limited Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of N/A a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval N/A Explanation for the Deviation / Variation N/A Comments of the Audit Committee after review N/A Comments of the auditors, if any N/A Objects for which funds have been raised and where there N/A has been a deviation, in the following table If Yes, Date of shareholder Approval N/A Objects for which funds Modified Original Modified Funds Amount of Remarks if have been raised Object, if Allocation allocation, Utilised Deviation/Variati any any (In if any At the on for the Millions) end quarter of the according to quarter applicable object Investment in Midwest N/A 1,302.98 N/A 35.00 N/A No Comments Neostone, our wholly owned subsidiary, by way of a loan, towards funding capital expenditure for the Phase II Quartz Processing Plant Capital expenditure for N/A 257.55 N/A 16.96 N/A No Comments purchase of Electric Dump Trucks to be used by our Company and investment in APGM, our Material Subsidiary, by way of a loan, for purchase of Electric Dump Trucks Capital expenditure for N/A 32.56 N/A - N/A No Comments integration of solar energy at certain Mines of our Company Pre-payment/re-payment N/A 562.23 N/A 562.23 N/A No Comments of, in part or full, certain outstanding borrowings of our Company and investment in APGM, by way of a loan, for pre- payment/ re-payment of, in part or full, certain outstanding borrowings of APGM General corporate N/A 90.77 140.93 85.73 N/A No Comments purposes (GCP) Issue related expenses N/A 253.91 203.75 179.48 N/A No Comments 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. Yours Sincerely, K. Achyutanand Reddy Company Secretary Mem. No.: A44619 Date: August 12, 2026 Place: Hyderabad