Shri Venkatesh Refineries Ltd - Statement Of Deviation(S) Or Variation(S) Of Initial Public Offer Proceeds For The Half Year March 31, 2022 In Terms Of Regulation 32(1) Of The SEBI (LODR) Regulations, 2015.

Dear Sir/Ma'am, Pursuant to Regulation 32(1) of SEBI (LODR) Regulations, 2015, please find enclosed the Statement of Deviation(s) or Variation(s) half year and year ended on 31st March, 2022, in respect of utilization of the proceeds of Initial Public Offering (IPO) for Deviation(s) or variation(s) in the utilization of the proceeds. Please further note that pursuant to Regulation 32(3) of SEBI (LODR) Regulations, 2015, the said Statement was placed before the Audit Committee for its review at the Audit Committee Meeting held on 13th May, 2022.