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

August 14, 2026 To To National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East), 21st Floor, Dalal Street, Mumbai Mumbai – 400 051 – 400 001 NSE Symbol: SURAJEST BSE Scrip Code: 544054 Dear Sir/Madam, Sub: Statement of Deviation or Variation in utilization of Funds raised under Preferential Issue Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements Regulations 2015 Pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith statement of deviation(s) or variation(s) in utilization of funds raised through Preferential Issue of the Company for the Quarter ended June 30, 2026 in the prescribed format. Kindly take the above information on record. ‘We confirm that there has been no deviation reported in the uses of proceeds received by the Company against the issue and allotment of equity shares and warrants on a preferential basis from the objects stated in the explanatory statement to the notice for the General meeting duly held on September 14, 2024. Thanking you, Yours faithfully, For Suraj Estate Developers Limited Mukesh Gupta Company Secretary & Compliance Officer ICSI Membership No.: F6959 SURAJ ESTATE DEVELOPERS LIMITED Aman Chambers, 3rd Floor, Century Bazaar, Prabhadevi, Mumbai, Maharashtra 400025 Call +91 022 2437 7877/+91 022 2436 0802/ +91 022 2432 7656/ +91 022 2436 3471 CIN No. L99999MH1986PLC040873 www.surajestate.com B. STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC FOR THE QUARTER ENDED June 30, 2026 Statement on deviation / variation in utilisation of funds raised Name of listed entity Suraj Estate Developers Limited Mode of Fund Raising Preferential Issue Date of Raising Funds 15..10.2024 and 18.10.2024 Amount Raised Rs. 343.39 Cr. Report filed for Quarter ended 30-06-2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable Care Rating Limited Is there a Deviation / Variation in use of funds raised If yes, whether the same is pursuant to changein terms of a contract or objects, No which was approved by the shareholders Explanation for the Deviation / Variation Comments of the Audit Committee after review Comments of the auditors, if any Objects for which funds have been raised - Amount in Millions and where there has been a deviation, in the following table Amount of Actual Deviation/Variation Modified Original Object Modified Object, if any Original Allocation Fund for the quarter Remarks if any allocation, if any Utilised according to applicable object 2000.00 970.63 970.63 All the monies 1. Payment towards acquisition of Land / Land raised by issue Development Rights by the Company and its No change in object only allocation is modified and allotment of Subsidiaries including acquisition of stake/shares in Equity shares and entities undertaking such projects; convertible 2. Working Capital Requirements of the Company *warrants is and any of its Subsidiaries; No change in object only allocation is modified 1832.5 1219.85 1219.85 utilized and there is no deviation or variations in the use of the 3. General Corporate Purposes of the Company and No change in object only allocation is modified 1147.5 744.70 744.70 proceeds by the any of its Subsidiaries; company during the quarter ended 30-June-2026 4. Issue related expenses No change in object only allocation is modified 20.00 - - Total 500.00 2935.18 2935.18 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: The Company has issued and allotted 13,30,000 convertible warrants at the rate of 750/- and raised the fund sum of Rs. 99,75 Cr. which is included in total amount of fund allocated i.e. 343.85 Cr. However Company is received only 50% of the total warrant amount i..e. 99.75 Cr. however the company has forfeited the warrants on 08th April -2026. For Suraj Estate Developers Limited Chairman & Managing Director DIN: 00634576