Pursuant to the provisions of Regulation 32 of the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBICircular No. CIR/CFD/CMD1/162/2019 dated 24th December 2019 we hereby confirmthat there is no deviation or variation in the use of the proceeds of the Rights Issue fromthe objects stated in the Letter of Offer dated 08th January 2021.The statement in the prescribed format reviewed by the Audit Committee at its meeting and by the Board in their meeting held on 31st May 2021 is attached. During thequarter ended on 31st March 2021 the proceeds of the Rights Issue have been utilized for the objects as stated in the Letter of Offer dated 08th January 2021.
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