Dynacons Systems & Solutions Ltd. — Capital/Financing Update 2021

Jul 5, 2021

June 30, 2021

To, Mumbai — 400 001 Mumbai — 400051 Scrip Code- 532365 Symbol - DSSL

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower, Exchange Plaza, C— 1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East),

Sub: Nil Statement of Deviation or Variation in utilization of funds raised under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Requlation, 2015 for the Ouarter ended March 31, 2021

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD1/162/2019 dated December 24, 2019 please find enclosed herewith the Nil Statement of Deviation or Variation in utilization of funds raised through preferential issue for the quarter ended March 31, ²⁰²¹

Kindly acknowledge the receipt for the same.

Thanking you,

Yours faithfully,

For Dynacons Systems & Solutions Ltd.

a ww

Ravi Singh Company Secretary & \ Compliance Officer

Dynacons Systems & Solutions Limited CIN NO : L72200MH1995PLC093130 Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3

Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.

Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 'iT +91-22-66889900 | Wj +91-22-26716641 | @) www.dynacons.com | Ma sales@dynacons.com | 1860-123-4444

Annex A

SOLUTIONS	DYNACONS EMPOWER THAT
Statement of Deviation / Variation in utilisation of funds raised
Name of listed entity Mode of Fund Raising	Dynacons Systems & Solutions Limited Preferential Issues
Date of Raising Funds	08.03.2021 & 09.03.2021 19,20,000 for warrants shares convertible equity into allotted on 10.03.2021 on preferential basis 25.03.2021 16,00,000 warrants for convertible shares equity allotted on into 26.03.2021 on preferential basis 30.03.2021 31.03.2021 and for 9,60,0000 warrants converted equity into shares on 31.03.2021 issued on preferential
Amount Raised	basis Rs. 4,48,00,000 (Rs. 1,34,40,000 and Rs. 1,12,00,000 for allotment of 19,20,000 and 16,00,000 warrants convertible equity into 2,01,60,000 for shares respectively and Rs. conversion of 9,60,000 warrants into equity; shares issued on preferential basis.)
Report filed for Quarter ended	31.03.2021
Monitoring Agency Monitoring Agency Name, if applicable	applicable not applicable
Is there a Deviation / Variation in use of funds raised	Not Applicable ¥es+ No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Not Applicable
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation Comments of the Audit Committee after review	Not Applicable No Comments
Comments of the auditors, if any	No Comments
Objects for which funds have been raised	object preferential issue [The of this to is
and where there has been a deviation, in the following table	utilize the proceeds of the Preferential Issue iof Warrants convertible into Equity Shares to} meet working term long general capital,
	'corporate purpose and such other purpose as} Board may decide the

Dynacons Systems & Solutions Limited CIN NO : L72200MH1995PLC093130

'G@ +91-22-66889900 | ij +91-22-26716641 | @ www.dynacons.com | Ma sales@dynacons.com | 1860-123-4444

Remarks ifany	deviation or variation $\frac{1}{2}$
Deviation/Variation forthe quarter to applicable Amount of according object	Ξ			SOLU THAT E M P N S $\Omega$
Utilised Funds March 2021 31, Ē	$\equiv$
allocation Modified /if any	Applicable Not
Allocation Original	4,48,00,000 RS.	document i.e. prospectus, letter of offer, etc.
Modified Object, if any	Not Applicable
Original Object	The object of this preferential issue is to utilize the proceeds capital, into Equity Shares to meet long term working general corporate purpose and such other purpose of the Preferential Issue of Warrants convertible as the Board may decide	(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (a) Deviation in the objects or purposes for which the funds have been raised or (c) Change in terms of a contract referred to in the fund raising Deviation or variation could mean:	ANTIMERY OF UTIONS IND Mr. Dharmesn Anjaria $\sum_{\substack{l\leq \alpha' \ \text{in} \ \alpha \in \mathbb{N}}} \sum_{\substack{l\leq \alpha' \ \text{in} \ \alpha \in \mathbb{N}}} \sum_{\substack{l\leq \alpha' \ \text{in} \ \alpha \in \mathbb{N}}}$ For Dynacons Systems & Solutions Limited VNFO Mr. Dharmesh Anjaria Din: 00445009