The Company has submitted the statement of deviation or variation for proceeds of preferential issue

14-08-2026 Listing Compliance Manager, Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phirozee Jeejeebhoy Towers, Bandra Kurla Complex- Bandra (E), Dalal Street, Fort, Mumbai - Mumbai-400051 400 001 Scrip Code: 543211 NSE Symbol: BONLON Sub: Statement of Deviation or Variation for proceeds of preferential issue Dear Sir/ Madam, Pursuant to the Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1 /162/2019 dated December 24, 2019, please note that there are no deviation(s) or variation(s) in respect of the utilization of the proceeds of the Preferential Issue of Warrants of the Company during the fourth quarter ended June 30, 2026 from the objects as stated in Explanatory Statement to the Notice of Postal Ballot dated April 07, 2025. Please find enclosed herewith a statement in this regard. The aforesaid statement has been reviewed by the Audit Committee and taken on record by the Board at their respective meetings held on August 14, 2026. This is for the information of the exchange and the members. For BONLON INDUSTRIES LIMITED (ARUN KUMAR JAIN) MANAGING DIRECTOR DIN: 00438324 Statement of Deviation / Variation in utilisation of funds raised Name of listed entity Bonlon Industries Limited Mode of Fund Raising Preferential Issues of fully convertible warrants Date of Raising Funds 09th October 2025 (Allotment Date) Amount Raised Rs. 3978.15 Lakh Report filed for Quarter ended 30th June 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds No raised If yes, whether the same is pursuant to change Not Applicable in 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 Nil review Comments of the auditors, if any Nil 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 Object, if Allocation allocation, Utilised Deviation/Variation if any any if any for the quarter according to applicable object Working N.A. Rs. Rs. Rs. N.A. Capital 4168.80 3271.80 1085.56 Requirements Lakh Lakh Lakh Capital N.A. Rs. 400.00 Rs. Rs. 313.93 N.A. expenditure, Lakh 313.93 Lakh including Lakh towards development, refurbishment renovation of our assets; General N.A. Rs. 465.00 Rs. Rs.112.08 N.A. Corporate Lakh 364.95 Lakh Purpose Lakh Issue related N.A. Rs. 35.00 Rs. Rs.27.47 N.A. expenses Lakh 27.47 Lakh Lakh Note: 1. Initially the Company had applied with BSE for approval of 1,53,60,000 warrants at the issue price of Rs. 33/- and therefore the Original funds Allocation was for Rs. 5068.80 Lakh. But later while the issue was actually opened, some of the prospective investors didn’t apply for issue of warrants and therefore the Company received the applications for 1,20,55,000 warrants only and therefore the raised a fund of Rs. 3978.15 from the allottees of 1,20,55,000 convertible warrants. Then the Board of Directors has proportionately reduced the allocation of fund accordingly. Since there was no change in objects or purpose, so there was no requirement of shareholders’ approval in this matter. 2. The Company had allotted the 1,20,55,000 convertible warrants in the Board Meeting held on 09th October 2025 from whom the total funds raised was Rs. 3978.15 Lakh. The Company had received the 25% money i.e.. Rs. 9,94,53,750/- along with the applications and balance 75% funds to be received within 18 months as SEBI ICDR Regulations. Later the Company had received the balance funds from two shareholders with a request to convert their 22,00,000 convertible warrants into equity shares. Then the Board of Directors in their Board Meeting held on 30th March 2026 had allotted 22,00,000 equity share to them by conversion of warrants so requested and in return the company had received Rs. 5,44,50,000/-from them. 3. The ‘Funds Utilized’ represents the cumulative utilization of funds for period 30th June 2026. 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 BONLON INDUSTRIES LIMITED (ARUN KUMAR JAIN) MANAGING DIRECTOR DIN: 00438324