Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of proceeds, from the objects stated in the Letter of Offer for Rights Issue of the Company, dated November 21, 2022. A statement confirming that there is no deviation or variation in the utilisation of these proceeds for quarter ended March 31, 2023, duly reviewed by the Audit Committee is attached.