Dangee Dums Limited — Capital/Financing Update 2021

Jul 1, 2021

Date: July 01, 2021

To,

The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra Kurla Complex, Bandra, Mumbai - 400 051 (East)

SYMBOL: DANGEE

Sub.: Statement of deviation(s) or variation(s) in use of Public Issue proceeds for the period ended March 31, 2021

Dear Sir/Ma’am,

With reference to the above captioned subject, please find enclosed herewith the Statement of deviation(s) or variation(s) pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for quarter ended on March 31, 2021, which has been duly reviewed by the Audit Committee of the Company.

It is to be noted that the Company has taken the approval of Shareholders by Special Resolution passed on January 28, 2021 by Postal Ballot for variation in the objects of IPO of the Company for the unutilized amount, as detailed herein transferring to Working Capital requirements.

Sr. No.	Objects of the Issue	Un-utilized Amount
1	Purchase of Fixed Assets	Rs. 34,650/-
2	Issue Expense	Rs, 4,85,584/-
3	Repayment of Existing Loans	Rs. 42,60,449/-

There is no variation in the unutilized amount of Rs 40,57,129/-, relating to General Corporate Expenses. The Company has fully utilized the unutilized amount during the Quarter ended on 31.03.2021.

You are requested to take the same on your records,

Thanking you,

Yours faithfully,

For, DANGEE DUMS LIMITED

Khushboo Digitally signed by Khushboo Parikh Parikh Date: 2021.07.01 20:01:14 +05'30' Khushboo Parikh Company Secretary & Compliance Officer

Encl.: As above.

Name of listed entity	Dangee Dums Limited
Mode of Fund Raising	Public Issues
Date of Raising Funds	30.08.2018
Amount Raised	200688000
Report filed for Quarter ended	31st March 2021
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable	Not Applicable
Is there a Deviation / Variation in use of funds	Yes
raised
If yes, whether the same is pursuant to change in	Yes
terms of a contract or objects, which was approved
by the shareholders
If Yes, Date of shareholder Approval	28.01.2021
Explanation for the Deviation / Variation	To utilize the unutilized
	issue proceeds for
	working capital
	requirement
Comments of the Audit Committee after review	None
Comments of the auditors, if any	None
Objects for which funds have been raised and
where there has been a deviation, in the following
table
Original Object	Modified Object, if any	Original	Modified		Funds unutilised	Amount of		Remarks if any
		Allocation	allocation, if			Deviation/Variation	for the
			any			quarter according
						to applicable object
Repayment of Existing Secured Loans	Working Capital	10,99,76,000		NIL	42,60,449	42,60,449		-
	requirement
Purchase of Fixed Assets	Working Capital	4,77,00,000		NIL	34,650	34,650		-
	requirement
General Corporate Expense	NA	3,80,12,000		NIL	40,57,129		NIL	-
Issue Expenses	Working Capital	50,00,000		NIL	4,85,584	4,85,584		-
	requirement
Total		20,06,88,000		0	8837812	47,80,683

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

Digitally signed by Patel

Patel Nikul Nikul Date: 2021.07.01 19:58:15 +05'30'

Name of Signatory : Nikul Jagdishchandra Patel Designation: Chairman & Managing Director

Date 01.07.2021 Place : Ahmedabad