Pursuant to Regulations 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby confirm that there is no deviation or variation in the use of the proceeds from the objects stated in the letter of offer dated February 18 2023 for Rights Issue of the Company. A statement of deviations stating that there is no deviation or variation in the utilization of these proceeds duly reviewed by the Audit Committee is attached.Kindly acknowledge the receipt.Thank you