Key Compliance Statement

The company confirms that during the quarter ended September 30, 2026, there was no deviation or variation in the utilization of proceeds from the issuance of Convertible Warrants from the objects stated in the notice dated July 9, 2025 calling the Extraordinary General Meeting held on August 8, 2025.

Fund Raising Details

  • Mode of Fund Raising: Issuance of convertible warrants on preferential basis
  • Date of Raising Funds: 4th November, 2025
  • Total Issue Size: ₹199.99 Crores
  • Amount Received as of June 30, 2026: ₹49.99 Crores (25% of total issue size as upfront consideration/subscription amount)
  • Balance Amount: 75% to be received when warrant holders exercise conversion option during the 18-month warrant tenure

Monitoring and Oversight

  • Monitoring Agency: Yes
  • Monitoring Agency Name: Care Ratings Limited
  • Audit Committee Comments: None
  • Auditor Comments: None

Fund Utilization Details

| Object of Fund Raising | Original Allocation (₹ Crores) | Funds Utilized (₹ Crores) | Deviation/Variation |

| Working Capital Loan Repayment | 100.00 | NIL | No deviation |

| General Corporate Purpose | 49.99 | NIL | No deviation |

| Reimbursement of Capital Expenditure | 50.00 | 50.00 | No deviation |

Additional Information

The statement confirms no change in terms of contract or objects that would require shareholder approval. The information is also available on the company website at www.titagarh.in.