CRESSANDA SOLUTIONS LTD. - Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (LODR) Regulations, 2015 For The Quarter Ended March 31, 2023.

With reference to compliance Under Regulation 32(1) (a) and (b) of the Securities Exchange Board of India (LODR) Regulation, 2015 the Company hereby submits to the Stock Exchange statement or deviation(s) or variation(s) for the quarter ended March 31, 2023 for the Preferential Issue of 9,49,18,000 Equity Shares at a price of Rs.7/- each including premium of Rs. 6/- each. We hereby confirm that, a) There was no deviation in the utilization of proceeds of Preferential Issue of Equity Shares from the objects as stated in explanatory statement to the postal ballot notice dated Feb 09, 2022. b) There has been no variation in the use of proceeds of Preferential Issue of Equity Shares from the objects stated in explanatory statement to the postal ballot notice dated Feb 09, 2022. Please take the same on your record and acknowledge the receipt of the same.