Pursuant to Regulations 32 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24 2019 there is no deviation or variation in the use of proceeds for the quarter ended December 31 2021 from the objects stated in the Letter of Offer dated November 1 2021 for the Rights Issue of the Company. A statement of deviation stating that there is no deviation or variation in the utilization of these proceeds duly reviewed by the Audit Committee of the Company is being submitted herewith.
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