Statement of Deviation and Variation for the quarter ended June 30, 2026

August 14, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 535136 Symbol: NIBE Dear Sir/Madam, Subject: Statement of Deviation or Variation pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform you that there is no deviation or variation in the utilization of funds raised by the Company through Preferential Allotment on June 08, 2026 (Allotment Date). The detailed Statement of Deviation or Variation for the quarter and year ended June 30, 2026, is annexed herewith as “Annexure A”. Please acknowledge and take the same on the records. Thanking you, Yours faithfully, For Nibe Limited Komal Bhagat Company Secretary & Compliance Officer Membership No.: A49751 Encl.: As above Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501| Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813 Annexure A Statement of Deviation / Variation in utilization of Funds raised Name of listed entity Nibe Limited Mode of Fund Raising Preferential Allotment Date of Raising Funds 05/03/2026 and 08/06/2026 Amount Raised Rs. 1,346,689,000 Report filed for Quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable Crisil Ratings Limited Is there a Deviation / Variation in use of funds No raised If yes, whether the same is pursuant to change in Not Applicable terms of a contract or objects which were approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments review of the Audit Committee No Comments required after Comments of the auditors, if any No Comments required Objects for which funds have been raised and The proceeds of Preferential Allotment of Equity Shares are where there has been a deviation, in the utilized for the object given below. following table Original Funds Amount Deviate/ Modified Modified Object, Allocation Utilized Variation for the Original Object Allocation, if any (Rs. In quarter according to if any (Rs. In Lakhs) Lakhs) applicable object Funding Capital Expenditure NA 12,685 NA 2,400.00 NA requirements for development setting up of new facilities Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501| Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813 including construction and civil works. Repayment of existing NA 7,500 NA 7,500 NA borrowing Augment Working Capital NA 2,500 NA 23,11 NA needs of the Company GCP NA 2,500 NA 1,253.36 NA • Out of total public issue 75% of the warrant subscription is pending for 1242000 warrants as on June 30, 2026. Remarks if any • There is unutilized amount of Rs 2,53,008/- as on June 30, 2026, lying in the current account of the Company. 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. Yours faithfully, For Nibe Limited Ganesh Ramesh Nibe Managing Director DIN No: 02932622 Email ID: cs@nibelimited.com Office Address: Plot No E-2/2, Phase III, MIDC Industrial Area, Nanekarwadi CT, Khed, Chakan, Pune, Maharashtra, India, 410501| Website: www.nibelimited.com | Phone No: +91 02135 - 691799 | CIN No: L34100PN2005PLC205813