Ambuja Cements Ltd. — Capital/Financing Update 2024

Jul 31, 2024

31[st] July 2024

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To

National Stock Exchange of India BSE Limited Luxembourg Stock Limited Exchange Scrip Code: Scrip Code: AMBUJACEM 500425 Code: US02336R2004

Sub.: Submission of Statement of deviation(s) or variation(s) pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/ Madam,

With reference to the above captioned subject, we wish to confirm that there are no deviation(s) or variation(s) in the use of proceeds of preferential issue of equity shares (on conversion of warrants) pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended on June 30, 2024. A statement in this regard, duly reviewed by the Audit Committee of the Company at its meeting held today i.e. Wednesday, 31[st] July 2024, is enclosed.

You are requested to take note of the same.

Thanking you,

Yours Sincerely, For Ambuja Cements Limited

Manish Vinodchandra Mistry Digitally signed by Manish Vinodchandra Mistry DN: c=IN, o=Personal, title=6862, 2.5.4.20=4a40cf551f16e069b510d62dabb2fe3844092022ab13f41ba7cecec54b84835d, postalCode=390011, st=Gujarat, serialNumber=22e5c090745d8aa6215231e47ce2beb81d0422fc266339ee63d2026d0c6a15c4, cn=Manish Vinodchandra Mistry Date: 2024.07.31 15:56:11 +05'30' Manish Mistry Company Secretary & Compliance Officer

Encl: as above

Ambuja Cements Limited Registered Office: Adani Corporate House Shantigram, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Ph +91 79-2656 5555 www.ambujacement.com CIN: L26942GJ1981PLC004717

STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024

STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 30TH JUNE 2024
Name of listed entity		Ambuja Cements Limited
Mode of Fund Raising		Preferential Issue
Date of Raising Funds		17th April 2024 *
Amount Raised		Rs 15000.046 Crores
Report filed for thequarter ended		30/6/2024
Monitoring Agency		Not Applicable
Monitoring Agency Name, if applicable		Not Applicable
Is there a Deviation / Variation in use of funds		Not Applicable
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders		Not Applicable
If Yes, Date of shareholder Approval		Not Applicable
Explanation for the Deviation / Variation		Not Applicable
Comments of the Audit Committee after review		No Comments
Comments of the auditors, if any		No Comments
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object		Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised till June 30 , 2024	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any*
1	Capital expenditures, de-bottlenecking capital expenditure, logistics infrastructure, digitizing logistics, optimizing plants to accelerate ESG compliance, acquisitions, consolidation, working capital requirements, investment in technology and for general corporate purpose	--------	Rs 15000.046 Crores	--------	Rs 2398.67 Crore	Nil	-----
* The Company raised funds in two tranches, i.e. Rs. 6660.946 crores as a part of Tranche-1 on 28th March, 2024 and Rs. 8339.099 Crores as a part of Tranche -2 on 17th April, 2024. Manish Mistry Membership No.: FCS-8373 Place : Ahmedabad (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc Name of Signatory : Designation: Company Secretary & Compliance Officer Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or Manish Vinodchand ra Mistry Digitaly signed by Manish Vinodchandra Mistry DN: c=IN, o=Personal, title=6862, 2.5.4.20=4a40cf551f16e069b510d62dabb2fe3 844092022ab13f41ba7cecec54b84835d, postalCode=390011, st=Gujarat, serialNumber=22e5c090745d8aa6215231e47c e2beb81d0422fc266339ee63d2026d0c6a15c4, cn=Manish Vinodchandra Mistry Date: 2024.07.31 15:56:28 +05'30'

• The Company raised funds in two tranches, i.e. Rs. 6660.946 crores as a part of Tranche-1 on 28th March, 2024 and Rs. 8339.099 Crores as a part of Tranche -2 on 17th April, 2024.

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

Name of Signatory : Manish Mistry Designation: Company Secretary & Compliance Officer Membership No.: FCS-8373 Place : Ahmedabad