Please find enclosed herewith the Statement of Deviation or Variation in utilization of funds raised through preferential allotment by the Company under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 for the quarter ended December 31 2019 reviewed by the Audit Committee and taken on record by the Board of Directors at their respective meetings held today i.e. Friday 14th February 2020.