With reference to the captioned subject, Lex Nimble Solutions Limited had allotted 11,12,000 equity shares of face value of Rs.10/- each at an issue price of Rs.57/- (inclusive of premium of Rs.47/- per equity share) through Initial Public Offer. The Purpose and objects of the issue were: 1. Foraying into CMMI Consulting 2. Establishment of an ISO certifying Body 3. Customization of simple law for Indian market 4. General Corporate Purposes 5. Issue Expenses Now pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015, we hereby inform you that there has been variation in the utilization of Issue proceeds, the entire funds raised through IPO were being used for the purposes mentioned in the objects of the issue, however the funds remained unutilized as on 31.03.2023, were invested into fixed and current deposits as mentioned in the enclosure.