Dixon Technologies (India) Limited — Capital/Financing Update 2020

Oct 30, 2020

Dixon® Dixon Technologies (India) Ltd.

30th October, 2020

ToSecretaryListing DepartmentBSE LimitedDepartment of Corporate ServicesPhiroze Jeejeebhoy Towers,Dalal Street, Mumbai - 400 001	ToSecretaryListing DepartmentNational Stock Exchange of India LimitedExchange Plaza, Bandra Kurla ComplexMumbai - 400 051
Scrip Code - 540699	Scrip Code- DIXON
ISIN: INE935N01012	ISIN: INE93SN01012

Sub: Undertaking under Regulation 32(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Ref: Guidance note on SEBI Circular dated 3rd May, 2018

This is with reference to the SOP Guidelines issued by SEBI vide circular dated 3rd May, 2018 (ref no. SEBI/HO/CFD/CMD/ CIR/ P/2018/77), Reg 32(1) of the SEBI (LODR) Regulations, 2015 and Guidance note dated 3 rd May, 2018.

Please find enclosed herewith an undertaking in this regard for the Quarter ended 30t hSeptember, 2020.

We request you to kindly take the same on your record and oblige.

········· For o·xon Tec~ logies {India) Limited

l,P >r.i,fo

mar (Group C mp ny Secretary & Compliance Officer)

Encl: as above

Dixon® Dixon Technologies (India) Ltd.

S.No.	STATEMENT OF DEVIATION/ VARIATION IN UTILIZATION OF FUNDS RAISED
l .	Name of the Listed entity			Dixon Technologies (India) Limited
2.	Mode of Fund Raising			Public issue
3.	Date of Raising Funds			18m September, 2017
4.	Amount Raised			6,000 Lakhs
5.	Report filed for Quarter ended			30111 September, 2020
6.	Monitoring Agency			Not Applicable
7.	Monitoring Agency Name, If applicable			Not Applicable
8.	Is there a Deviation / Variation in use of funds raised			Yes
9.	If yes, whether the same is pursuant to change in terms of a			Yes
	contract or objects, which was approved by the shareholders
10.	If Yes, Date of shareholder Approval			29.09.2020
11.	Explanation for the Deviation/ Variation			The Company had set aside an
				aggregate amount of Rs.1949 Lakhs towards fulfilment of thefollowing objectives: 1. Enhancement of Company's backwardintegration capabilities in the lighting products vertical at theDehradun facility2. Upgradation of the Information technology infrastructure ofthe Company.The Company spent an aggregate amount of Rs.1737.37 Lakhstowards the said objects, which is deemed sufficient foroptimum fulfilment of the said objects.Therefore, the Company intends to utilise the unutllized amountof Rs.211.63 Lakhs towards general corporate purpose. Forwhich the approval from shareholders has been obtained on29th September, 2020.
12.	Comments of the Audit Committee after review			Nil
13.	Comments of the auditors, if any			Nil
14.	Objects for which funds have been raised and where there hasbeen a deviation, in the following table
Original Object		Modifiedobject, if any	OriginalAllocation	Modifiedallocation, ifany	FundsUtilized	Amount ofDeviation/Variation forthe quarter according toapplicable object	Remarks ifany
1.	Enhancement of Company'sbackward integrationcapabilities in the lightingproducts vertical at theDehradun facility	GeneralCorporatePurposes	Rs 886Lakhs	Rs. 796Lakhs	Rs. 796Lakhs	Rs. 90 Lakhs	NA
2.I	Upgradat1on of theinformation technologyinfrastructure of the Company	GeneralCorporatePurp~ses	Rs 1063Lakhs	Rs. 941.37Lakhs	Rs941 .37Lakhs	Rs. 121 63 Lakhs	NA
IIName of Signatory: Saurabh GUP.Place: NoidaDeslgnatlooc Chief FlnandaiDate: 30.10.2020/j'u>1-' ,lz P11 -:::IN OIOA ;::0~O·O"' *

Regd. Office: B-14 & 15, Phase-II, Noida-201 305, (U.P.) India, Ph.: 0120-4737200 E-mail : info@dixoninfo.com •Website: http://www.dixoninfo.com, Fax : 0120-4737263 CIN:L32101UP1993PLC066581