Pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015 and SEBI Circular No CIR/CFD/CMD1/162/2019 dated December 24, 2019, it is being informed that there is no deviation or variation in use of proceeds raised through preferential issue for the Quarter ended 30th September, 2023 as mentioned in the objects stated in Private Placement Offer Letter cum Application Form. Accordingly, please find enclosed herewith statement indicating no deviation or variation in the use of proceeds raised through preferential issue for the Quarter ended 30th September, 2023, duly reviewed by the Audit Committee of the Company on November 14, 2023 in the prescribed format attached as Annexure I. Kindly take the same on your records.