With reference to compliance under Regulation 32(1) (a) and (b) of the Securities Exchange Board of India (LODR) Regulation, 2015 the Company hereby submits to the Stock Exchange statement or deviation(s) or variation(s) for the quarter ended 31st December, 2022 for the Preferential Issue of 1,25,24,000 Equity Shares and 73,71,000 Fully Convertible Warrants to the Persons Belonging to Non-Promoter Category at an issue price of Rs. 200/- each (Including premium of Rs. 190/- each). We hereby confirm that, a) There was no deviation in the utilization of proceeds of Preferential Issue of Equity Shares and Fully Convertible Warrants from the objects as stated in explanatory statement to the postal ballot notice dated October 28, 2022. b) There has been no variation in the use of proceeds of Preferential Issue of Equity Shares and Fully Convertible Warrants from the objects stated in explanatory statement to the postal ballot notice dated October 28, 2022.