Cambridge Technology Enterprises Ltd. — Capital/Financing Update 2021

Jun 29, 2021

June 29, 2021

To, To, Corporate Relationship Department, The Listing Department, BSE Limited National Stock Exchange of India Ltd Mumbai – 400 001 Mumbai – 400 051

Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No/C/1, G Block Dalal Street, Bandra Kurla Complex , Bandra (East),

Dear Sir,

Sub: Statement of utilization of funds for the financial year ended March 31, 2021 Ref: Regulation 32 of the Listing Regulations.

Dear Sir/Madam,

With reference to the above, please find enclosed herewith the Statement of utilization of funds raised through Preferential Issue of Convertible Share Warrants by the Company under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on March 31, 2021, reviewed by the Audit Committee and further taken on record by the Board at its meeting held today i.e. June 29, 2021.

We request you to kindly take the above on record.

Thanking you,

Yours faithfully, For Cambridge Technology Enterprises Limited

ASHISH BHATTAD Digitally signed by ASHISH BHATTAD Date: 2021.06.29 18:19:41 +05'30'

Ashish Bhattad (Company Secretary & Compliance Officer) Membership No. A34781

Registered & Corporate Office: Cambridge Technology Enterprises Limited

Unit No 04 - 03, Level 4, Block 1 Cyber Pearl, Hitec City, Madhapur, Hyderabad - 500 081, Telangana, India. Tel:+91-40-4023-4400 Fax:+91-40-4023-4600

Bengaluru

Vakil Square Unit #1, Rear wing Fifth Floor, Bannerghatta Road, Bangalore - 560 076, Karnataka, India. Tel: +91-80-4633-4400 Fax:+91-80-4299-5779

www.ctepl.com

Mumbai

Level 4, A Wing, Dynasty Business Park Andheri Kurla Road, Andheri (E) Mumbai - 400 059, Maharashtra, India. Tel:+91-22- 6786-9410 Fax:+91-22-6786-9199

Chennai

AMARA SRI, situated at old No: 313, New No: 455, Block No: 75, 7th floor, Anna Salai Teynampet, Chennai 600018, Tamilnadu, India Tel: 040-40234400

The statement of utilization of funds for the financial year ended March 31, 2021:

Statement of Deviation / Variation in utilisation of funds raised
Name of listed entity	Cambridge Technology Enterprises Limited
Mode of Fund	Preferential Issue of Convertible Share Warrants
Raising
Date of Raising	January 07, 2020
Funds
Amount Raised	Rupees 2,68,11,427.50/-
Report filed for	March 31, 2021
Quarter ended
Monitoring Agency	Not Applicable
Monitoring Agency	Not Applicable
Name, if applicable
Is there a Deviation /	No
Variation in use of
funds raised
If yes, whether the	Not Applicable
same is pursuant to
change in terms of a
contract or objects,
which was approved
by the shareholders
If Yes, Date of	Not Applicable
shareholder
Approval
Explanation for the	Not Applicable
Deviation / Variation
Comments of the	There is no deviation/variation.
Audit Committee
after review
Comments of the	i. There are no variations/deviations, if any, in the use of proceeds from the objects stated in the offer
auditors, if any	document or explanatory statement to the notice of postal ballot dated November 13, 2019.
	ii. There are no deviations/variations between projected utilisation of funds made by it in its explanatory
	statement to the notice for postal ballot dated November 13, 2019 and the actual utilisation of funds.
Objects for which
funds have been
raised and where
there has been a
deviation, in the
following table

Registered & Corporate Office: Cambridge Technology Enterprises Limited

Unit No 04 - 03, Level 4, Block 1 Cyber Pearl, Hitec City, Madhapur, Hyderabad - 500 081, Telangana, India. Tel:+91-40-4023-4400 Fax:+91-40-4023-4600

Bengaluru

Vakil Square Unit #1, Rear wing Fifth Floor, Bannerghatta Road, Bangalore - 560 076, Karnataka, India. Tel: +91-80-4633-4400 Fax:+91-80-4299-5779

www.ctepl.com

Mumbai

Level 4, A Wing, Dynasty Business Park Andheri Kurla Road, Andheri (E) Mumbai - 400 059, Maharashtra, India. Tel:+91-22- 6786-9410 Fax:+91-22-6786-9199

Chennai

AMARA SRI, situated at old No: 313, New No: 455, Block No: 75, 7th floor, Anna Salai Teynampet, Chennai 600018, Tamilnadu, India Tel: 040-40234400

ASHISH BHATTAD Digitally signed by ASHISH BHATTAD Date: 2021.06.29 18:20:05 +05'30'

Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variatio n for the quarter according to applicable object	Remarks if any
The Company	Not	Rupees	Not	Rupees	Not Applicable	Nil
requires infusion of	Applicable	2,68,11,427.50/-	Applicable	2,68,11,427.50/-
funds to augment
funding needs of the
Company viz., to
meet the working
capital requirements,
general corporate
purposes, to support
the future growth
plans of the Company
and to further invest
in the subsidiaries.
Infusion of further
capital will enable the
Company to grow
further and realize
the objectives more
effectively.

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.

For Cambridge Technology Enterprises Limited

ASHISH BHATTAD Digitally signed by ASHISH BHATTAD Date: 2021.06.29 18:20:20 +05'30'

Ashish Bhattad (Company Secretary & Compliance Officer) Membership No. A34781

Registered & Corporate Office: Cambridge Technology Enterprises Limited

Unit No 04 - 03, Level 4, Block 1 Cyber Pearl, Hitec City, Madhapur, Hyderabad - 500 081, Telangana, India. Tel:+91-40-4023-4400 Fax:+91-40-4023-4600

Bengaluru

Vakil Square Unit #1, Rear wing Fifth Floor, Bannerghatta Road, Bangalore - 560 076, Karnataka, India. Tel: +91-80-4633-4400 Fax:+91-80-4299-5779

Mumbai

Level 4, A Wing, Dynasty Business Park Andheri Kurla Road, Andheri (E) Mumbai - 400 059, Maharashtra, India. Tel:+91-22- 6786-9410 Fax:+91-22-6786-9199

Chennai

AMARA SRI, situated at old No: 313, New No: 455, Block No: 75, 7th floor, Anna Salai Teynampet, Chennai 600018, Tamilnadu, India Tel: 040-40234400

CIN: L72200TG1999PLC030997

www.ctepl.com