BSECompany Update5d ago · 14 Aug 2026, 08:02 pm

Please find enclosed herewith the Statement of Deviation(s) or Variation(s) in respect of utilization of funds raised through preferential Issue of equity shares for the quarter ended June 30, 2026.

Ironwood Education Ltd · 508918

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Ironwood Education Ltd has filed a statement with BSE regarding the utilization of funds raised through a preferential issue of equity shares for the quarter ended June 30, 2026, stating that there is no deviation or variation in the use of funds.

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Ironwood Education Ltd - 508918 - Compliances- Statement Of Deviation & Variation For The Quarter Ended June 30, 2026

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August 14, 2026 The Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400001 Ref: Ironwood Education Limited/Scrip Code: 508918 Dear Sir, Subject: Statement of Deviation or Variation in respect of Preferential Issue of Equity Shares for the quarter ended June 30, 2026 Pursuant to Regulation 32(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended from time to time, please find enclosed herewith the Statement of Deviation(s) or Variation(s) in respect of utilization of funds raised through preferential issue of equity shares for the quarter ended June 30, 2026. Further, we hereby confirm that there is no deviation or variation in the utilization of funds raised through the preferential issue of equity shares. Kindly take the same on record. Thanking you, Yours Faithfully, For Ironwood Education Limited Dharmesh Parekh Company Secretary Membership No. A19545 Encl: as above 8, Gokul Regency II, B Wing, Thakur Complex, Off Western Express Highway, Kandivali (East), Mumbai 400101, India Tel: 9833070186 CIN: L68100MH1983PLC030838, Email: cs@ironwoodworld.com, Website: www.ironwoodworld.com Statement on Deviation or Variation for proceeds of Preferential Issue Name of Listed Entity Ironwood Education Limited Mode of Fund Raising Preferential Issue of Equity Shares Date of Raising Fund January 22, 2026 Amount Raised Rs. 7,70,25,150/- Report filed for Quarter ended June 30, 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds Not Applicable raised If yes, whether the same is pursuant to change in Not Applicable terms of a 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 This statement is placed before the Audit Committee meeting held on August 14, 2026. The Audit Committee has noted that there was no deviation or variation in the use of funds raised by preferential issue of equity shares. Comments of the auditors, if any Not Appliable 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 Object Object, if Allocation allocation, Utilised Deviation/Variation if any any if any for the quarter according to applicable object To invest in NA 550.00 - 550.00 NA No future growth Deviation opportunities, business expansion and real estate business To grant NA 75.00 - 75.00 NA No loans and/or Deviation investment in overseas wholly owned subsidiary Working NA 100.00 - 68.50 NA No Capital Deviation 8, Gokul Regency II, B Wing, Thakur Complex, Off Western Express Highway, Kandivali (East), Mumbai 400101, India Tel: 9833070186 CIN: L68100MH1983PLC030838, Email: cs@ironwoodworld.com, Website: www.ironwoodworld.com Requirement for Education Business (India) General NA 45.25 - 43.15 NA No Corporate Deviation Purpose 770.25 - 736.65 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 Ironwood Education Limited Dharmesh Parekh Company Secretary Membership No. A19545 8, Gokul Regency II, B Wing, Thakur Complex, Off Western Express Highway, Kandivali (East), Mumbai 400101, India Tel: 9833070186 CIN: L68100MH1983PLC030838, Email: cs@ironwoodworld.com, Website: www.ironwoodworld.com