As per the SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24 2019 issued by the SEBI titled Format on Statement of Deviation or Variation for proceeds of public issue rights issue preferential issue Qualified Institutions Placement (QIP) etc. and pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby confirm that there is no deviation or variation in use of proceeds raised through preferential issue. A Nil statement of deviation is enclosed herewith as Annexure A.
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