Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended September 30, 2026

Nature of Filing / Announcement: Changes in Key Managerial Personnel & Submission of Monitoring agency report

Key Managerial Personnel Change:

Mr. Srinivas Kamoji Gunupudi, Chief Financial Officer (CFO), has tendered his resignation due to unavoidable personal commitments. His resignation is effective from the close of business hours on November 30, 2026, which will be his last working day with the Company.

Monitoring Agency Report for IPO Proceeds Utilization (Quarter ended September 30, 2026):

Monitoring Agency: CARE Ratings Limited

IPO Details: Public Fresh Issue of Equity Shares aggregating to Rs. 250.00 crore

Issue Period: September 1, 2026 to September 3, 2026

Promoters: Ashish Agarwal and Seema Agarwal

Utilization of Proceeds Summary (as of September 30, 2026):

  • Total Gross Proceeds: Rs. 250.00 crore
  • Total Amount Utilized: Rs. 153.78 crore
  • Total Unutilized Amount: Rs. 96.22 crore

Breakdown of Utilization:

1. Funding long-term working capital requirements (Object: Rs. 215.00 crore)

  • Utilized during quarter: Rs. 125.00 crore
  • Cumulative utilized: Rs. 125.00 crore
  • Unutilized: Rs. 90.00 crore
  • Comments: Funds transferred from monitoring account to cash credit account for vendor payments for raw material purchase, resulting in comingling of funds with other transactions

2. General corporate purposes (Object: Rs. 12.15 crore)

  • Utilized during quarter: Rs. 12.07 crore
  • Cumulative utilized: Rs. 12.07 crore
  • Unutilized: Rs. 0.08 crore
  • Specific utilization: Vendor payments in ordinary course of business
  • Comments: Funds routed through cash credit account resulting in comingling of funds

3. Issue Expense (Object: Rs. 22.85 crore)

  • Utilized during quarter: Rs. 16.71 crore
  • Cumulative utilized: Rs. 16.71 crore
  • Unutilized: Rs. 6.14 crore
  • Breakdown: Rs. 7.64 crore reimbursed for pre-IPO expenses, Rs. 9.07 crore paid directly from Monitoring Account

Deployment of Unutilized Proceeds:

  • Fixed Deposit with Yes Bank: Rs. 90.00 crore (Maturity: April 2, 2027, Return: 6.85%)
  • Balance in IPO monitoring account: Rs. 2.01 crore
  • Balance in Issue expenses Escrow account: Rs. 6.30 crore
  • Total funds in FD and Monitoring Account: Rs. 98.31 crore

Implementation Status:

  • Working capital requirements: Ongoing (Completion as per offer document: March 2028)
  • General corporate purposes: Ongoing (Completion as per offer document: March 2027)
  • No delays reported in implementation

Regulatory Compliance:

  • No deviations from objects disclosed in Offer Document
  • No material deviations requiring shareholder approval
  • No change in means of finance for disclosed objects
  • No government/statutory approval issues
  • No favorable/unfavorable events affecting viability of objects
  • No other information materially affecting investor decision-making

Certification and Verification:

Source information included CA certificate from NSVR & Associates LLP dated October 26, 2026, bank statements, and management certificates.

Additional Information:

The resignation letter from Mr. Srinivas Kamoji Gunupudi was enclosed with the filing. The Company expressed appreciation for his services during his tenure as CFO.

The Monitoring Agency Report has been uploaded on the Company's website at www.deepajewel.com