Statement of Deviation & Variation for the Quarter ended June,30,2026

Rajputana Rajputana Stainless Limited CIN: L27 109cJ 199 lptCO 1S3g I Date: 1310812026 To, To. The Manager The Manager Listing Department Listing Department BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, BLOCK G, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai - 400051 BSE Scrip Code: 544731 NSE Symbol: RSL ISIN: INE313L01016 Subject: Intimation of statement of deviation or variation under Regulation 32(l) of SEBI (Listing obligations and Disclosure Requirements) Regurations, 2015 Dear Sir / Madam. Pursuant to regulation 32(l) of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we hereby confirm that for the quarter ended 30th June, 2026, there is no deviation or variation in the utilisation of issue proceeds raised through Initial public Offer (IPo) of the company from the objects stated in the offer document. The proceeds have been utilised in line with the objects of the Issue. Further, the statement of deviation or variation in utilisation of issue proceeds which has been duly reviewed and noted by the Audit Committee and Board of Directors in their meetinss held on August, 2026 is enclosed herewith. Kindly take the same on records. Thanking You. Yours faithfullv- Richa Sa ai Company Secretary Compliance Officer Encl.: As above Rajputana Stainless Limited Rajputana Stainless Limited CIN: L271O9GJ 199 1PLCO 15331 Annexure - I INITIAL PUBLIC OFFER (IPO) Statement on Deviation / Variation in Utilisation of tr'unds Raised Name of listed entitv Raj putana Stainless Limited Mode of Fund Raising Initial Public Offer (lPO) Date of Raising Funds l7'March, 2026(Date of Allotment) Amount Raised 178.73 Crores Report filed for Quarter ended 30h June,2026 Monitoring Agency Appl icabl eAlefappli.eable Monitoring Agency Name, if CARE Ratings Limited applicable Is there a Deviation / Variation in No use of funds raised If yes, whether the same is pursuant Not Applicable to change in terms ofa contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Not Applicable Deviation / Variation Comments of the Audit Nil Committee after review Comments of the auditors. if any Nil Objects for which funds have been raised and where there has been a deviation, in the following table: OriginalObject Modified Original Modified Funds Amount of Ren Object, if any Allocation allocation Utilised Deviation / (Rs. In Crore) , if any (Rs.In Crore) Variation for (Rs. In Crore) the quarter according to applicable object Funding capital expenditure NA 18.57 Nil 0.00 Nil requirements for expansion of the existing manufacturing facility at Panchmahal district, Rajputana Stainless Limited CIN: L271O9cJ 199 1PLCO 1533 1 Gujarat through forward integration and diversifi cation of product portfolio i.e., Stainless Steel Seamless Pipes Full or paft repayment and./or NA 98.00 Nil 96.01 Nil No prepayment of certain Deviation outstanding borrowings availed by our Company NA 44 64 Nil 44.46 Nil No General Corporate Purpose Deviation NA 17.52 Nil 16 92 Nil No Issue Related exDense De viation Total NA 178.73 Nil t57.40 Nil No Deviation 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) Changeintermsofacontractreferredtointhefundraisingdocumenti.e.prospectus, letterofoffer,etc,