Statement of Deviation or variation

August 14, 2026 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai 400001 Mumbai - 400051 Scrip: 543490 Symbol: GMRP&UI Sub: Statement of deviation/ variation for the quarter ended June 30, 2026. Ref: Regulations 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Dear Sir/Madam, Pursuant to Regulation 32 of Listing Regulations, we hereby confirm that for the quarter ended June 30, 2026 there is no deviation or variation in the utilisation of issue proceeds raised through Preferential Issue of the Company from the objects stated in the offer document. The proceeds have been utilised in line with the Objects of the Issue. Accordingly, a statement of nil deviation/ variation in utilisation of issue proceeds which has been duly reviewed and noted by the Audit Committee is enclosed herewith as Annexure. You are requested to take the above on record. Thanking You for GMR Power and Urban Infra Limited Vimal Prakash Company Secretary & Compliance Officer Encl: As above GMR Power & Urban Infra Limited Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037 Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India CIN L45400HR2019PLC125712 T +91 124 6637750, E GPUIL.CS@gmrgroup.in W www.gmrpui.com Annexure Statement of Deviation / Variation in utilisation of fund raised Name of listed entity GMR Power and Urban Infra Limited Mode of Fund Raising Public Issues / Rights Issues / Preferential Issue / QIP/Others Date of Raising Funds January 27, 2026 Amount Raised Rs. 1200 Crore (Out of total issue size of Rs. 1200 Crore, the Company has received Rs. 900 Crore as on June 30, 2026, including upfront consideration of 25% received on warrants. Balance 75% subscription amount of warrant (Rs. 300 crore) will be received as and when the conversion option is exercised by the warrant holder to convert warrants into equity shares during the tenure of 18 months of the warrant. Report filed for Quarter ended June 30, 2026 Monitoring Agency Applicable /Not Applicable Monitoring Agency name, if applicable CARE Ratings Limited Is there a Deviation / Variation in use Yes/No of funds raised If yes, whether the same is pursuant Not Applicable to change 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 Not Applicable /Variation Comments of the Audit Committee, No Comments After Review GMR Power & Urban Infra Limited Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037 Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India CIN L45400HR2019PLC125712 T +91 124 6637750, E GPUIL.CS@gmrgroup.in W www.gmrpui.com Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modifi Original Modified Fund Amount of Remarks, ed allocation allocatio utilized Deviation/Variati if any. Objec (Rs. n, if any on t, if Crore) for the quarter any according to applicable object Repayment/prepaym N.A 550 N.A 334.64 Nil No ent (in whole or in part) the outstanding borrowings of the Company, together with interest payments accrued thereon. Repayment/prepaym N.A 450 N.A 442.17 Nil No ent (in whole or in part), the outstanding borrowings of the following subsidiaries of the Company, together with interest payments accrued thereon: a.GMR Generation Assets Limited; b.GMR Smart Electricity Distribution Private Limited; c.GMR Highways Limited Infusion of funds into N.A 100 N.A 100 Nil No existing and new subsidiaries / joint ventures in the form of equity / quasi equity / debt instruments / secured and unsecured loans, etc. General Corporate N.A 100 N.A 23.19 Nil No purposes Total 1200* 900 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. GMR Power & Urban Infra Limited Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037 Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India CIN L45400HR2019PLC125712 T +91 124 6637750, E GPUIL.CS@gmrgroup.in W www.gmrpui.com Note: *It is the total issue size, however, out of total issue size of Rs. 1200 Crore, the Company has received Rs. 900 Crore as on June 30, 2026, including upfront consideration of 25% received on warrants. Balance 75% subscription amount of warrant (Rs. 300 crore) will be received as and when the conversion option is exercised by the warrant holder to convert warrants into equity shares during the tenure of 18 months of the warrant. GMR Power & Urban Infra Limited Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037 Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India CIN L45400HR2019PLC125712 T +91 124 6637750, E GPUIL.CS@gmrgroup.in W www.gmrpui.com