WORKMATES CORE2CLOUD SOLUTION LIMITED — Capital/Financing Update 2026

May 14, 2026

WORKMATES

WORKMATES CORE2CLOUD SOLUTION LIMITED

(Formerly Workmates Core2Cloud Solution Private Limited)

CIN - L93090WB2018PLC228834

info@cloudworkmates.com

+91 82497 11902

+91 98310 15014

To,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400 001

Date: 14/05/2026

Scrip Code: 544610

Subject: Statement of Deviation or Variation in the use of proceeds of Initial Public Offer (IPO)

Dear Sir/Madam,

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the Statement of Deviation(s) or Variation(s) for the half year ended 31st March, 2026, duly reviewed by the Audit Committee at its meeting held on 14th May, 2026.

Further the proceeds of the issue have been utilized for the purpose as stated in the Prospectus of the Company.

This is for your information and records.

Thanking You,

Yours Faithfully,

For and on behalf of the board
Workmates Core2Cloud Solution Limited

DEBASISH
Digitally signed by
Debasish Sarkar
Date: 2026.05.14
19:36:23 +05'30'

Debasish Sarkar
Whole Time Director & CFO
DIN: 01044732

Registered Office
Raikva, Flat 7, Floor 3rd, 3A Rammohan
Mullick Garden Lane, Kolkata, West Bengal- 700010

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WORKMATES

WORKMATES CORE2CLOUD SOLUTION LIMITED

(Formerly Workmates Core2Cloud Solution Private Limited)

CIN - L93090WB2018PLC228834

info@cloudworkmates.com

+91 82497 11902

+91 98310 15014

	Statement of Deviation / Variation in utilization of funds raised
Name of listed entity				Workmates Core2cloud Solution Limited
Mode of Fund Raising				IPO-Public Issue
Date of Raising Funds				14.11.2025
Amount Raised				Rs.69.84 Cr
Report filed for Quarter/ Half year ended				31-03-2026
Monitoring Agency
Monitoring Agency Name, if applicable				Brickwork Ratings India Private Limited
Is there a Deviation / Variation in use of funds raised				No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders				N.A.
If Yes, Date of shareholder Approval				N.A.
Explanation for the Deviation / Variation				N.A.
Comments of the Audit Committee after review
Comments of the auditors, if any
	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, any	Funds Utilised till March 31,2026	Funds to be utilized in the Financial Year 2026-27	Amount of Deviation/Variation for the quarter according to applicable object	Remarks, if any
Funding of working capital requirements of Company		N.A.	29.20 Cr.	N.A.	11.72 Cr.	17.48 Cr.	NIL
Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company		N.A.	8.60 Cr.	N.A.	8.60 Cr.	NIL	NIL

Registered Office

Raikva, Flat 7, Floor 3rd, 3A Rammohan

Mullick Garden Lane, Kolkata, West Bengal- 700010

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WORKMATES

WORKMATES CORE2CLOUD SOLUTION LIMITED

(Formerly Workmates Core2Cloud Solution Private Limited)

CIN - L93090WB2018PLC228834

info@cloudworkmates.com

+91 82497 11902

+91 98310 15014

General Corporate Purposes	N.A.	10.00 Cr.	N.A.	10.00 Cr.	10.00 Cr.	NIL
Issue Expenses	N.A.	11.53 Cr.	N.A.	9.80 Cr.	1.74 Cr.	NIL

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

DEBASISH
SARKAR
Digitally signed by
DEBASISH SARKAR
Date: 2026.05.14
19:35:55 +05'30'

Registered Office

Raikva, Flat 7, Floor 3rd, 3A Rammohan

Mullick Garden Lane, Kolkata, West Bengal- 700010