Pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular No. CIR/CFD/CMD1/162/2019 dated 24.12.2019. A Statement indicating deviation or variation in utilization of proceeds raised through preferential issue during the period ended 31st March, 2023 was placed before the Audit Committee of the Company at their meeting held on Tuesday, 16th May,2023, the same is enclosed herewith for your reference.\r\n\r\nKindly take this on record and acknowledge the receipt of the same.