Elin Electronics Limited — Capital/Financing Update 2023

Apr 24, 2023

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Nine of listed entity	Elin Electronics Limited
Mode of Fund Raising	Public Issues i.e. Initial Public Offer (IPO)
Date of Ralsing Funds	December 30, 2022
inount Raised	INR 4750 Million (including Fresh Issue of
	INR 1750 Million)
Report filed for Quarter ended	December 31, 2022
Monitoring Agency	Applicable
Monitoring Agency Name, if applicable	Axis Barck Linrited
Is there a Deviation/Variation in use of	No
funds raised
If yes,whetherthesameispursuantto	Not Applicable
change in terms of 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	No Corrments
review
Comments of the auditors, if any	No Corrments

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IN HOUSE, 4771, BHARAT R	IN HOUSE, 4771, BHARAT R	AM ROAD, 23 DARY	A GANJ, NEW DELH	I-110 002
bsite : www.elinlndla.com `		Tel. : 91-114300	0400 Fax : 91-11-23	289340
Objects for hich fnds					in table
	Objects for hich fnds	hae been raised and	here there has been a d	eiatiort in the follo	in table
	w uOriginalModified	vOriginal AIlocation	ModifiedFunallocation,Utilis	vydsAmount ofedDeviatiolv	gRemarks ifany
	ObjectObject' if
	any		if any	Variation forthequarteraccordingtoapplicableobject
		INR 880.00	NotNil	Not Applicable	The
	Repayment/Not
	prepayment,infullorpart,ofcertainborrowingsavailedofbyOurCompanyApplica	bleMillion	Applicable		Company hasbeenlistedonBSELtdandNationalStockExchangeofIndiaLtdon30.12.2022andtil31stDecember,2022theCompanyhasnotreceivedanyIPOproceeds.Accordinglyfundsutilizationisnil.
	FundingNotINR 375.89NotNilNot Applicablecapitalexpendituretowardsupgradingandexpandingourexistingfacilitiesat(i)Ghaziabad,UttarPradesh,and(ii)Vema,GoaApplicableMillionApplicableGeneralNotINR 390.24NotNilNot Applicablecorporate1)urposesApplicableMillionApplicable