Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with SEBI Circular No. CIR/ CFD/CMDl/162/2019 dated December 24, 2019, we hereby confirm that during the quarter ended March 31, 2023, there was no deviation or variation in the use of funds raised through preferential issue of shares from the objects stated in the Explanatory Statement to the Notice of Extra-Ordinary General Meeting of the Company dated 28th June, 2022.