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

Date: August 13, 2026 The General Manager The General Manager Department of Corporate Services, Department of Corporate Services, BSE Limited National Stock Exchange of India Limited Phiroze Jee Jee Bhoy Tower Exchange Plaza, Bandra Kural Complex, Dalal Street, Fort Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 544302 Trading Symbol: INNOVANA Subject: Statement of deviation(s) or variation(s) in the use of proceeds of allotment of warrants on preferential basis under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/Ma’am, Pursuant to Regulation 32 of the SEBI Listing Regulations, read with relevant SEBI Circulars, it is hereby confirmed that there is no deviation or variation in the use of proceeds from the preferential issue of 8,60,000 (Eight Lakhs Sixty Thousand) warrants, each convertible into, or exchangeable for, one fully paid-up equity share of the Company of face value of Rs. 10/- each at a price of Rs. 431/- each (including the warrant subscription price and the warrant exercise price) from the objects as stated in the explanatory statement to the Notice of the Extra Ordinary General Meeting dated June 27, 2025. A statement confirming that there is no deviation or variation in the utilization of these proceeds, for the quarter ended June 30, 2026, duly reviewed and approved by the Audit Committee at its Meeting held on August 13, 2026 is enclosed as Annexure I. We request you to take the afore-mentioned information in record and oblige. Thanking you, Yours faithfully, For Innovana Thinklabs Limited Vasu Ajay Anand Company Secretary & Compliance Officer Annexure I Statement on deviation / variation in utilisation of funds raised Name of listed entity Innovana Thinklabs Limited Mode of Fund Raising Preferential Issue of Convertible Warrants Date of Raising Funds 05-09-2025 Amount Raised The minimum amount of Rs. 9,26,65,000/- (Rupees Nine Crore Twenty Six Lakh Sixty Five Thousand only), which is equivalent to 25% (twenty five percent) of the Warrants Issue Price was paid at the time of subscription and allotment of each Warrant (“Warrant Subscription Amount”). Further, the Warrant holders will be required to make further payments of Rs. 27,79,95,000/- (Rupees Twenty-seven Crores Seventy-nine lakhs ninety-five thousand only), which is equivalent to the balance 75% (seventy five percent) of the Warrants Issue Price at the time of exercise of the right attached to the Warrant(s), to subscribe to equity share(s) of the Company (“Warrant Exercise Amount”). Out of Rs. 27,79,95,000, the Company received Rs. 5,17,20,000 on 13th October, 2025 pursuant to conversion of 1,60,000 warrants into equity shares of the Company. (Refer Note 1) Report filed for Quarter ended 30.06.2026 Monitoring Agency applicable / not applicable Monitoring Agency Name, if NA applicable Is there a Deviation / Variation in No use of funds raised If yes, whether the same is NA pursuant to change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder NA Approval Explanation for the Deviation / NA Variation Comments of the Audit The Committee observed that there are no deviations or Committee after review variations in the utilization of issue proceeds from the stated objects. Comments of the auditors, if any - 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 Object Object, if Allocation allocation, Utilised Deviation/Variation any any if any for the quarter according to applicable object General NA Rs. 0 0 No - Corporate 14,43,85,000/- Purposes 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. Note: As of September 5, 2025, the Company had received Rs. 9,26,65,000 out of the total issue proceeds of Rs. 37,06,60,000. During the quarter ended December 31, 2025, 1,60,000 warrants were exercised by the warrant holders and hence, the Company received Rs. 5,17,20,000 as Warrant Exercise Amount on October 13,2025. Consequently, the total issue proceeds received by the Company as of December 31, 2025 was Rs. 14,43,85,000. The remaining Rs 22,62,75,000 is expected to be received by the Company within 18 months from the date of allotment of the share warrants. Thanking You, Yours faithfully For Innovana Thinklabs Limited Vasu Ajay Anand Company Secretary & Compliance Officer