Electrosteel Q2 Commercial Paper Compliance Certificate

Regulatory Framework

The filing is made pursuant to SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, specifically under Chapter XVII which outlines the framework for listing of Commercial Paper.

Certification Content

The Chief Financial Officer, Rajesh Daga, certified that:

• The proceeds of Commercial Papers issued by the company during Q2 FY2027 (quarter ended September 30, 2026) were used for the purposes as disclosed in the Disclosure document
• The company has adhered to other listing conditions as specified in Chapter XVII of the SEBI Circular

Financial Impact

Financial impact not quantified in the disclosure. The certificate serves as a compliance confirmation rather than reporting specific financial metrics.