Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('LODR') we would like to inform you that the Company had issued and allotted 2,95,02,748 fully paid-up equity shares of face value of Rs. 10/- each for cash price of Rs. 10/- per equity share aggregating to Rs. 29,50,27,480/- on rights issue basis on 14th August, 2021. In this regard, please note that all the funds so raised, are fully utilized till date for the objects specified only and there is no variation or deviation in this regard. A statement under Regulation 32 of LODR, as reviewed by the Audit Committee at its Meeting held on 03rd November, 2021 is enclosed herewith.