Ref: PRL/BSE&NSE/2026-2027/29.

Nature of Disclosure:

This is a regulatory filing submitted to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is a statement of deviation certificate for the quarter ended June 30, 2026.

Fund Raising Details:

The company raised funds through two instruments:

  • Public Issue (IPO): Raised on August 22, 2025. The estimated net proceeds from the issue, as per the prospectus, were ₹190.47 Crore (excluding issue-related expenses). The actual net proceeds amounted to ₹189.21 Crore. The disclosure notes that issue-related expenses exceeded the estimated amount by ₹1.2686 Crore.
  • Pre-IPO Placement/Private Placement: Raised on November 27, 2024. The amount raised was ₹15.00 Crore.
  • Total Aggregate Net Proceeds Raised: ₹204.21 Crore (₹189.21 Crore + ₹15.00 Crore).

Monitoring Agency: ICRA Limited was the monitoring agency for the fund raise.

Statement of Deviation:

The company confirms there has been a deviation in the use of funds raised. The deviation is not pursuant to a change in the terms of a contract or objects approved by shareholders. There is no date of shareholder approval to report. The deviation is detailed in the following table:

| Original Object | Original Allocation (₹ Crore) | Funds Utilized (₹ Crore) | Amount of Deviation/Variation (₹ Crore) | Remarks |

| Repayment/prepayment of borrowings | 59.00 | 59.00 | Nil | NA |

| General Corporate Purpose | 115.00 | 115.00 | Nil | NA |

| Funding of working capital requirements | 30.21* | 17.26 | 12.95 | Deviation occurred |

*Note: The original allocation for working capital is derived from the total raised (₹204.21 Cr) minus the other two allocated amounts (₹59.00 Cr + ₹115.00 Cr) = ₹30.21 Cr.

Total Funds Utilized: As of June 30, 2026, the total funds utilized were ₹191.26 Crore.

Review Comments:

  • Audit Committee Comments: None provided in the disclosure.
  • Auditor Comments: None provided in the disclosure.

Submission and Dissemination:

The filing was digitally signed by Prasad Ramesh Khopkar, Company Secretary, on August 12, 2026. The company has stated that this submission will also be disseminated on its website at https://patelrpl.in/investor-relations/.