Ambuja Cements Ltd. — Capital/Financing Update 2024

May 1, 2024

1[st] May 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 pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended on March 31, 2024. A statement in this regard, duly reviewed by the Audit Committee of the Company at its meeting held today i.e. Wednesday 1[st] May 2024, is enclosed.

You are requested to take note of the same.

Thanking you,

Yours Sincerely,

For Ambuja Cements Limited

Manish Digitally signed by Manish Vinodchandra Vinodchandra Mistry Date: 2024.05.01 16:30:57 Mistry +05'30'

Manish Mistry Company Secretary & Compliance Officer

Encl: as above

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 31ST MARCH 2024

STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 31ST MARCH 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 31ST MARCH 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 31ST MARCH 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 31ST MARCH 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 31ST MARCH 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 31ST MARCH 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 31ST MARCH 2024	STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED 31ST MARCH 2024
Name of listed entity		Ambuja Cements Limited
Mode of Fund Raising		Preferential Issue
Date of Raising Funds		28th March 2024
Amount Raised		Rs 6661 Crore
Report filed for thequarter ended		March 31,2024
Monitoring Agency		Not Applicable
Monitoring Agency Name, if applicable		Not Applicable
Is there a Deviation / Variation in use of funds raised		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 March 31, 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 6661 Crore	--------	Nil	Nil	-----
* As on 31st march 2024, Company has booked Fixed Deposits of Rs. 6660 Crore and remaining balance of Rs. 1 Crore lying in the bank account. 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 Vinodchandr a Mistry Digitaly signed by Manish Vinodchandra Mistry Date: 2024.05.01 16:31:57 +05'30'

• As on 31st march 2024, Company has booked Fixed Deposits of Rs. 6660 Crore and remaining balance of Rs. 1 Crore lying in the bank account.

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 : Designation: Membership No.: Place :

Manish Mistry Company Secretary & Compliance Officer FCS-8373 Ahmedabad