We would like to inform that the Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular- CIR/CFD/CMD1/162/2019 dated 24th December, 2019 regarding Statement of Deviation or Variation of proceeds is NOT APPLICABLE for the Quarter ended 31st December, 2019, as the company has not raised any funds through public issue/ rights issue/ preferential issue, Qualified Institutions Placement (QIP) etc.