Ambuja Cements Ltd. — Capital/Financing Update 2026

May 4, 2026

adani Ambuja Cement

adani
Cement

May 4, 2026

To

National Stock Exchange of India Limited	BSE Limited	Luxembourg Stock Exchange
Scrip Code: AMBUJACEM	Scrip Code: 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 March 31, 2026.

A statement in this regard, duly reviewed by the Audit Committee of the Company at its meeting held today, i.e. May 4, 2026, is enclosed.

The disclosure is also available on the website of the Company at www.ambujacement.com

You are requested to take note of the same.

Thanking you,

Yours Sincerely,

For Ambuja Cements Limited

MANISH V Digitally signed by MANISH V MISTRY
Date: 2026.05.04 14:21:49 +05'30'

MISTRY
Manish Mistry
Company Secretary & Compliance Officer

Encl.: as above

Ambuja Cements Limited
Registered Office:
Adani Corporate House
Shantigram, Near Vaishno Devi Circle,
S. G. Highway, Khodiyar,
Ahmedabad – 382 421, Gujarat, India
Ph +91 79-2656 5555
E mail: investors.relation@adani.com
www.ambujacement.com
CIN: L26942GJ1981PLC004717

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STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED THROUGH PREFERENTIAL ISSUE, FOR THE QUARTER ENDED MARCH 31, 2026

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 the quarter ended		March 31, 2026
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		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, 2026	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 14895.1 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.
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
V MISTRY
Digitally signed
by MANISH V
MISTRY
Date: 2026.05.04
14:22:24 +05'30'
Manish Mistry
Company Secretary & Compliance Officer
FCS-8373
Ahmedabad