In terms of Regulation 32 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, the Company had raised funds through preferential issue of warrants and we hereby confirm ....

Date: August 13, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 Dear Sir/Madam, Scrip Code No. : 538540 Scrip Symbol : RAAMA ISIN : INE516P01015 Subject: Statement of deviation or variation of the use of proceeds of Warrants issued on Preferential Basis for the quarter ended June 30, 2026 In terms of Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Listing Regulations”), the Company had raised funds through preferential issue of warrants and we hereby confirm that there is no deviation and variation in the use of issue proceeds for the quarter ended June 30, 2026. A statement of deviation, stating that there is no deviation or variation in the utilisation of these proceeds, duly reviewed by the Audit Committee of the Company as per the details required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 updated on January 30, 2026, is enclosed herewith. Kindly take the same on your records. Thanking you, For RAAMA FINANCE LIMITED (formerly known as Ramchandra Leasing & Finance Limited) Dhiraj Kumar Jha Company Secretary & Compliance Officer M. No. F9631 Encl: As above STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC. Statement on deviation / variation in utilisation of funds raised Name of Raama Finance Limited Listed entity (Formerly known as Ramchandra Leasing and Finance Limited) Mode of Preferential Issue of Fund Raising warrants Date of March 17, 2026 Raising Funds Amount 13,68,00,000 Raised Report filed June 30, 2026 for Quarter ended Monitoring Not Applicable Agency Monitoring Not Applicable Agency Name, if applicable Is there a No Deviation / Variation in use of funds raised If yes, Not Applicable whether the same is pursuant to change in terms of a contract or objects, which was approved by shareholders If Yes, Date Not Applicable shareholder Approval Explanation Not Applicable for the Deviation / Variation Comments There is no deviation of the Audit and variation in Committee utilisation after review Comments None of the auditors, if Objects for which funds have been raised and where there has been a deviation, in the following table Original Modified Original Modified Funds Amount of Remarks if any Object Object, if Allocation allocation, Utilised Deviation/Variation any if any for the quarter according to applicable object The No 54,72,00,000 0 13,68,00,000 There is no The Company proceeds of deviation and in its funds raised variation for the Extraordinary through the quarter ended June general Issue (“Issue 30, 2026 meeting dated Proceeds”) November 11, towards 2025 had funding the approved following issue of objects: 11,40,00,000 a) Expansion Convertible of Business; warrants on b) Capital preferential expenditure basis at an towards issue price of intangible Rs. 4.80/- per assets; and warrant c) General (including corporate premium of purposes Rs. 3.80/- per equity share) aggregating upto Rs. 54,72,00,000/- On March 17, 2026 the company has received 25% of the issue size i.e. 13,68,00,000 and has utilised the same. 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 Raama Finance Limited (Formerly known as Ramchandra Leasing and Finance Limited) Dhiraj Kumar Jha Company Secretary & Compliance Officer Membership No: F9631