DCW Ltd. — Capital/Financing Update 2021

Aug 2, 2021

DCWLIMITED
	August 02, 2021
To,National Stock Exchange of India Ltd.Exchange Plaza Bldg.5th Floor, Plot No.C-1'G' Block, Near Wockhardt,Bandra Kurla ComplexMumbai 400 051.Fax:26598237/38Symbol: DCWDear Sir(s)/ Madam,Statement of Deviation(s)Sub:or Variation(s)underRegulation202132ofObligationsDisclosureand(Listing("Listing Regulations")PursuantRegulationListing32toofCIR/CFD/CMDL/162/2019Decemberdatedherewith a "Statement of deviation(s)variation in the use of proceeds raised by the Company through Private Placementand Preferential Issue, for the quarter ended June 30, 2021 as "Annexure I & II".You are requested to take the above on record.Thanking You,Yours faithfully,'For DCW Lined	The BSE LimitedDepartment of Corporate Services,1st floor, New Trading RingRotunda Building,Phiroze Jeejeebhoy Towers,Dalal Street, Mumbai- 400 001.Fax : 22723121/3719/ 2037/2039Scrip Code500117:ended June 30,for the quarterExchangeBoardandSecuritiesIndiaofRequirements)Regulations,2015RegulationswithreadSEBICircularNo.enclosedplease2019,find24,confirming noor variation(s)"deviation or
ilip DarjiMarinasSr. General Manager (Legal) & Company SecretaryMembership No. ACS-22527

Sub: Statement of Deviation(s) or Variation(s) for the quarter ended June 30, 2021 under Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

DCW LIMITED

HEAD OFFICE : "NIRMAL" 3RD FLOOR, NARIMAN POINT, MUMBAI-400 021. TEL.: 2287 1914, 2287 1916, 2202 0743 TELEFAX: 22 2202 8838 REGISTERED OFFICE : DHRANGADHRA - 363 315 (GUJRAT STATE) Email: ho@dcwitd.com, Website: www.dcwltd.com, CIN-L24110GJ1939PLCL00748

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Statement of Deviation / Variation in utilisation of funds raised
Name of listed entityMode of Fund Raising				DCW Limited	Preferential Issues/ Private Placement
Date of Raising Funds				March 05, 2021	(through issue of Non-Convertible Debentures)
Amount Raised				= 350 Crores
Report filed for Quarter endedMonitoring Agency				June 30, 2021Not Applicable
if applicable				Not Applicable
				NoNot Applicable
Monitoring Agency Name,Is there a Deviation / Variation in use of funds raisedIf yes, whether the same is pursuant to change in terms of a contract or objects,which was approved by the shareholders
				Not Applicable
				Not Applicable
if any				Not ApplicableNot Applicable
Original Object	Modified Object, Original		Modified	Funds	Amount of	Remarks ifany
	if any	Allocation as on	allocation, ifany	Utilisedtill	Deviation/ Variation forthe quarter according
If Yes, Date of shareholder ApprovalExplanation for the Deviation / VariationComments of the Audit Committee after reviewComments of the auditors,Objects for which funds have been raised and where there has been a deviation, in the following table		March 5,		June 30, 2021	to applicable object
The proceeds from the issuance)	Not Applicable	2021350	Not Applicable	R 3,49,55,79,414/-	Not Applicable	No Deviations
shall be used by the Companytowards repayment of its existing		Crores
workingborrowings,fundto
capital of the Company or forsuch purposes or objects as may
Ibe determined by the Board forthe business of the Company

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

(Chief Financial Officer

Date: July 30, 2021

"TF A in e yunre a i ;

		yunreAine	"TFai;
Statement of Deviation / Variation in utilisation of funds raised
Name of listed entityMode of Fund Raising				DCW LimitedPreferential Issues
					(through issue of warrants convertible into Equity shares)
Date of Raising FundsAmount Raised				April 07, 2021= 7,50,08,742
Report filed for Quarter endedMonitoring Agency				June 30, 2021Not Applicable
Monitoring Agency Name,if applicable				Not Applicable
Is there a Deviation / Variation in use of funds raisedIf yes, whether the same is pursuant to change in terms of a contract or objects, which}				NoNot Applicable
was approved by the shareholders
If Yes, Date of shareholder Approval				Not Applicable
Explanation for the Deviation / VariationComments of the Audit Committee after review				Not ApplicableNot Applicable
if any				Not Applicable
Comments of the auditors,Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object	Modified	Original	Modified	Funds	Amount of	Remarks ifany
	Object, ifany Allocation	as on April	allocation, ifany	Utilisedtill	Deviation/ Variationforthe quarter
The proceeds from the issuance		07, 2021		June 30, 2021	accordingto applicable object
lof Warrants (Equity Shares upon Applicable	Not		% 7,90,08,742 Not Applicable	& 7,50,08,742	Not Applicable	No Deviations
conversion of Warrants) shall belused by the Company towards
ithe working capital requirementsrepayment of itsandexisting
borrowings.

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

(Chief Financial Officer

Date: July 30, 2021