News Announcement

Paradeep Phosphates: Statement Of Deviation Or Variation In Utilisation Of Funds Raised Through Initial Public Offer (''IPO'')

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24 2019 we hereby confirm that during the quarter ended September 30 2022 there is no deviation or variation in the utilisation of proceeds of the IPO from the objects stated in the Prospectus dated May 20 2022.A statement of deviation or variation in utilisation of funds raised through IPO for the quarter ended September 30 2022 duly reviewed by the Audit Committee of the Company at its meeting held on November 04 2022 is enclosed herewith.

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