Bhatia Colour Chem Ltd - Statement Of No Deviation And/Or Variation In Utilization Of Public Issue Proceeds For The Period Ended September 30, 2022.

We wish to inform that Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with the SEBI Circular No. CIR/CFD/CMDl/162/2019 dated December 24, 2019, we are hereby providing the statement of deviation and variation in utilization of fund raised through IPO as mentioned in prospectus of the Company. The statement has been reviewed by the Audit Committee of the Company in its meeting held on Saturday, November 12, 2022.