Fund Raising Details

Mode of Fund Raising: Allotment of convertible warrants on preferential basis

Date of Raising Funds: July 25, 2025 (Date of allotment of warrants)

Amount Raised: ₹6,480 lakhs

Note: Out of total amount raised of ₹6,480 lakhs, proceeds of ₹1,620 lakhs (25% of issue price) has been received by the Company. Remaining 75% (₹4,860 lakhs) will be received at the time of conversion of warrants into equity shares within 18 months from the date of allotment of the warrants.

Deviation/Variation Status

Deviation/Variation in use of funds: Yes

Pursuant to change in terms approved by shareholders: Yes

Date of shareholder approval: August 25, 2026

Explanation for Deviation/Variation

The variation is on account of modification of the object of utilisation of proceeds to enable the Company to construct, build, operate, establish, develop, acquire, purchase land for, and invest in Plug and Play Office Complexes, AI Parks, IT Parks, Data Centers, residential and industrial complexes, including hotels, resorts and other hospitality related businesses, whether directly or through subsidiary(ies) or in joint collaborations, as approved by the shareholders of the Company.

Fund Utilization Breakdown (as of September 30, 2026)

| Original Object | Modified Object | Original Allocation (₹ lakhs) | Funds Utilized (₹ lakhs) | Deviation/Variation (₹ lakhs) |

| To construct, build, operate, establish, develop, acquire, purchase of land for, and invest in Plug and Play Office complex, AI Park, IT Park, residential and industrial complexes through self, subsidiary(ies) or in joint collaboration | To construct, build, operate, establish, develop, acquire, purchase land for, and invest in Plug and Play Office Complexes, AI Parks, IT Parks, Data Centers, residential and industrial complexes, including hotels, resorts and other hospitality related businesses, whether directly or through subsidiary(ies) or in joint collaborations | 4,000 | Nil | Nil |

| Long-term working capital requirements | Not applicable | 1,200 | 275 | Nil |

| Preferential Issue expenses | Not applicable | 25 | 10.34 | Nil |

| General Corporate Purpose | Not applicable | 1,255 | 510.16 | Nil |

| Total | | 6,480 | 795.50 | Nil |

Governance Review

Audit Committee Comments: The Audit Committee has reviewed and noted the variation in utilisation of proceeds, which is in accordance with the shareholders' approval for modification of the object of the issue.

Auditors Comments: No comments