Dear Sir/ Madam, Pursuant to the provisions of Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD- oD1/P/CIR/2023/123 dated 13th July, 2023 regarding, Statement of Deviation or Variation for proceeds of public issue, rights issue, preferential issue, Qualified Institutions Placement (QIP) etc. We hereby confirm that there is no deviation or variation in the use of proceeds for the quarter ended as on September 30, 2024 pertaining to the Equity Shares issued on Right basis. A NIL Statement of Deviation or Variation, duly reviewed by the Audit Committee of the Company is enclosed herewith as Annexure A.