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Dynamic Cables Limited Capital/Financing Update 2025

Jan 28, 2025

61784_rns_2025-01-28_f7088e21-b7f7-4b8e-a975-b1697cbee980.pdf

Capital/Financing Update

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Digitally signed Naina by Naina Gupta Date: 2025.01.28 15:27:19 Gupta +05'30'

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Dynamic Cables Limited

(Govt. Recognized TWO STAR Export House) (An ISO 9001:2015, 14001:2015 & 45001:2018 Company)

STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED:

Statement of Deviation / Variation in utilisation of funds raised

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Name of listed entity Dynamic Cables Limited
Mode of Fund Raising Public Issues / Rights Issues / Preferential Issues / QIP / Others
Date of Raising Funds June 21, 2024 (being the date of allotment)
Amount Raised (Rs. In Crores) Rs. 96.588 Crores
Report filed for Quarter ended December 31, 2024
Monitoring Agency applicable / Not applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of Not Applicable
a contract or objects, which was approved by the
shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review Audit Committee has noted that there is no deviation/variation in utilization of
issue proceeds
Comments of the auditors, if any No Comment
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,
Object, if Allocation allocation, Utilised Deviation/ if any
any
(Rs. in if any (Rs. in Variation for
Crores) Crores) the quarter
according
to applicable
object
To meet working capital requirements, The utilization of the funds has
Reduction of working capital borrowings, been in accordance with the
term loan repayment or/and any other Not Rs. 96.588 Not Rs. 60.025 NIL objects and there has been no
outstanding debt, To meet the long-term Applicable Applicable deviation for which the funds have
fund requirements of the Company, for been raised.
expansion of business and General and unutilized funds have been
corporate purpose or such other objects, as temporarily Invested in Liquid
the Board may from time to time decide in Fund.
the best interest 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
For Dynamic Cables Ltd.
Naina Digitally signed by Naina Gupta
Date: 2025.01.28
15:27:36 +05'30'
Gupta
Naina Gupta
Company Secretary and Compliance Officer
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