Attached herewith the certificate of deviation or variation, confirming that there is no deviation or variation in the use of proceeds from the objects for which funds were raised under ....

AANCHAL ISPAT LIMITED AN 1S0 9001:2015 COMPANY MAKE IN INDIA Date: 14/08/2026 Department of Corporate Office, Bombay Stock Exchange Limited PhirozeJeeJeeBhoy Towers, Dalal Street, Mumbai-400 001 Sub: Statement of Deviation or Variation in the Use of Proceeds of QIP for the quarter ended June 30, 2026 Ref: Aanchal Ispat Limited, Scrip Code-538812 Dear Sir/Madam, With reference to the subject matter and pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, we hereby confirm that there has been no deviation or variation in the use of proceeds from the objects stated in the Notice of the Extra-ordinary General Meeting (EGM) dated May 23, 2026, in relation to the funds raised through Qualified Institutional Placement (QIP), during the quarter ended June 30, 2026. In this regard, the Statement of Deviation or Variation in the prescribed format, duly reviewed by the Audit Committee of the Company at its meeting held on August 14, 2026, is enclosed herewith. We request you to kindly take the above information on record. Thanking you, Yours faithfully, For Aanchal Ispat Limited Mukesh Lqibtaly ospsigned earby Date: 2026.08.14 Goel |Z;lze4:|4+us‘3o‘ Mukesh Goel Managing Director DIN:00555061 UAN : WB10C0007296 GSTIN : 19AAACV8542M12Q CMISNM E: L 2: 7U1D0Y6AWMB-1W9B9-60P8L-C0007067801626 _ ARG s N Visit us as www.aanchalispat.com : - < Email : info@aanchalispat.com | aanchalispat1996@gmail.com =E==ls) (§) (5) BSE Registered Office : National Highway No.6, Chamrail, Howrah 711114 NGUh DOYONd Steel CuLimses CULINI THEPOWROFVINANGE MO AANCHAL ISPAT LIMITED AN 10 9001:2015 COMPANY MAKE IN INDIA STATEMENT OF DEVIATION OR VARIATION IN UTILIZATION OF FUNDS RAISED Name of listed entity Aanchal Ispat Limited Mode of Fund Raising Qualified Institutional Placement (QIP) Date of Raising Funds 04/06/2026 Amount Raised Rs. 7,00,00,000/- Report filed for Quarter ended 30.06.2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms ofa Not Applicable 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 review Not Applicable Comments oft he auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified | Original Modified Funds Amount of Remarks if any Object, if | Allocation Allocation, | Utilised Deviation/Va any (Amount if any riation for the in Lakhs) quarter according to applicable C+* rPO eu a dt y is tmt oea rnn st d i tn og O C peI rR aP ti C oo ns at ls AN po pt l icable 97 92 .. 00 00 || AN po pt l icable | fP oa ry Im se sn ut e | Nob Ij Le ct 6A 0n 0 .0a 0m ou Ln at k hso f hR as. s + Payment to Financial 459.26 ME xpe Sn ses Cbe oe mn ap nl ya ce a5d ab y ixt eh de Creditors T« oI ts as lu e Expenses 69.74 gtoRs. Deposi5 t wi7 t h Karur Meeting payment obligations 700.00 65.97 Vysya Bank, pending under the NCLT approved Lakhs receipt of the Hon'ble Resolution Plan, including NCLT order. Further, Rs. 74.73 Lakhs is settlement/payment ofd ues of secured financial creditors, currently in process of operational creditors and being placed as a CIRP costs. Fixed Deposit with the bank. The balance amount is held in the Company's current account and will be allocated in accordance with the original terms of allocation under the QIP. For Aanchal Ispat Limited Digillysigned by Mukesh Mukesh Goel 552 zzsos 15162152 Mukesh Goel Managing Director DIN: 00555061 UAN : WB10C0007296 GSTIN : 19AAACVB542M1ZQ CIN : L27106WB1996PLC076866 MSME : UDYAM-WB-08-0007012 & BSES HE Visit us as www.aanchalispat.com ) Email : info@aanchalispat.com| aanchalispat1996@gmail.com i Registered Office : National Highway No.6, Chamrail, Howrah 71111 beyond steel cureum UL T POOWF BEAARCE