In terms of Regulations 32 (1) (a) & (b) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, for the quarter ended 31st December, 2022, we hereby
confirm that:
a) There has been no deviation in the utilization of funds, raised through preferential issue of
equity warrants converted into equity shares, from the objects as stated in the Explanatory
Statement annexed to the Notice of Postal ballot dated 24th December, 2021, whereas the
equity shares so converted were allotted on 12th August, 2022.
b) There has been no variation between projected utilization of funds as stated in the
Explanatory Statement annexed to the Notice of Postal ballot dated 24th December, 2021
and the actual utilization of funds raised through preferential issue of equity warrants
converted into equity shares, whereas the equity shares so converted were allotted on 12th
August, 2022.
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