Elin Electronics Limited — Capital/Financing Update 2025

Feb 11, 2025

Lata Rani Digitally signed by Lata Rani Pawa Pawa Date: 2025.02.11 12:33:12 +05'30'

==> picture [692 x 338] intentionally omitted <==

----- Start of picture text -----

Report of the Monitoring Agency
Name of the Issuer: ELIN ELECTRONICS LIMITED
For quarter ended: 31 [th] December 2024
Name of the Monitoring Agency: Axis Bank Limited
(a) Deviation from the objects: No deviation from the objects
(b) Range of Deviation: Not applicable
Declaration:
We hereby declare that this report is based on the format as prescribed by Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018, as amended. We further declare that this report provides true and fair view of the utilization of issue proceeds.
We declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do
not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer.
Signature:
Name of the Authorized Person/Signing Authority: Hardik Shah
Designation of Authorized person/Signing Authority: Authorised Signatory
Seal of the Monitoring Agency:
Date: 10.02.2025
----- End of picture text -----

==> picture [842 x 69] intentionally omitted <==

		1) Issuer Details: Name of the issuer: ELIN ELECTRONICS LIMITED The names of the promoters of the issuer: Shri Mangi Lall Sethia, Shri Kamal Sethia, Shri Kishore Sethia, Shri Gaurav Sethia, Shri Sanjeev Sethia, Shri Sumit Sethia, Shri Vinay Kumar Sethia, Smt Suman Sethia, Smt. Vasudha Sethia Industry/sector to which it belongs: EMS(Electronics Manufacturing Services) 2) Issue Details: Issue Period: December 20, 2022 to December 22, 2022 Type of issue (public/rights): Public Issue (IPO) Type of specified securities: Equity Shares Grading: Not applicable Issue size (Rs. in Millions):₹ 4,750 millions (including fresh issue of₹ 1,750 millions) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: (Give item by item description for all the objects, stated in the offer document separately in following format) Particulars Reply Source of information/ certifications considered for preparation of report Comments of Monitoring Agency Comments of Board of Directors Whether all the utilization is as per disclosure in Offer Document? Yes Certificate provided by Chartered Accountant No comments No comments as is no deviation Whether Shareholder approval is obtained in case of material deviations# from expenditures disclosed in Offer Document? NA NA NA NA Whether means of finance for disclosed objects of the Issue has changed? NO Declaration provided by the Company No No Any major deviation observed over the earlier monitoring agency reports? NA NA NA NA Whether all Government / Statutory approvals related to the object(s) obtained? NA Declaration provided by the Company NA NA Whether all arrangements pertaining to technical assistance/collaboration in operation? NA Declaration provided by the Company NA NA Anyfavourable eventsimproving object(s) viability NA NA NA NA Any unfavourable events affecting object(s) viability NA Declaration provided by the Company NA NA	1) Issuer Details: Name of the issuer: ELIN ELECTRONICS LIMITED The names of the promoters of the issuer: Shri Mangi Lall Sethia, Shri Kamal Sethia, Shri Kishore Sethia, Shri Gaurav Sethia, Shri Sanjeev Sethia, Shri Sumit Sethia, Shri Vinay Kumar Sethia, Smt Suman Sethia, Smt. Vasudha Sethia Industry/sector to which it belongs: EMS(Electronics Manufacturing Services) 2) Issue Details: Issue Period: December 20, 2022 to December 22, 2022 Type of issue (public/rights): Public Issue (IPO) Type of specified securities: Equity Shares Grading: Not applicable Issue size (Rs. in Millions):₹ 4,750 millions (including fresh issue of₹ 1,750 millions) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: (Give item by item description for all the objects, stated in the offer document separately in following format) Particulars Reply Source of information/ certifications considered for preparation of report Comments of Monitoring Agency Comments of Board of Directors Whether all the utilization is as per disclosure in Offer Document? Yes Certificate provided by Chartered Accountant No comments No comments as is no deviation Whether Shareholder approval is obtained in case of material deviations# from expenditures disclosed in Offer Document? NA NA NA NA Whether means of finance for disclosed objects of the Issue has changed? NO Declaration provided by the Company No No Any major deviation observed over the earlier monitoring agency reports? NA NA NA NA Whether all Government / Statutory approvals related to the object(s) obtained? NA Declaration provided by the Company NA NA Whether all arrangements pertaining to technical assistance/collaboration in operation? NA Declaration provided by the Company NA NA Anyfavourable eventsimproving object(s) viability NA NA NA NA Any unfavourable events affecting object(s) viability NA Declaration provided by the Company NA NA	1) Issuer Details: Name of the issuer: ELIN ELECTRONICS LIMITED The names of the promoters of the issuer: Shri Mangi Lall Sethia, Shri Kamal Sethia, Shri Kishore Sethia, Shri Gaurav Sethia, Shri Sanjeev Sethia, Shri Sumit Sethia, Shri Vinay Kumar Sethia, Smt Suman Sethia, Smt. Vasudha Sethia Industry/sector to which it belongs: EMS(Electronics Manufacturing Services) 2) Issue Details: Issue Period: December 20, 2022 to December 22, 2022 Type of issue (public/rights): Public Issue (IPO) Type of specified securities: Equity Shares Grading: Not applicable Issue size (Rs. in Millions):₹ 4,750 millions (including fresh issue of₹ 1,750 millions) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: (Give item by item description for all the objects, stated in the offer document separately in following format) Particulars Reply Source of information/ certifications considered for preparation of report Comments of Monitoring Agency Comments of Board of Directors Whether all the utilization is as per disclosure in Offer Document? Yes Certificate provided by Chartered Accountant No comments No comments as is no deviation Whether Shareholder approval is obtained in case of material deviations# from expenditures disclosed in Offer Document? NA NA NA NA Whether means of finance for disclosed objects of the Issue has changed? NO Declaration provided by the Company No No Any major deviation observed over the earlier monitoring agency reports? NA NA NA NA Whether all Government / Statutory approvals related to the object(s) obtained? NA Declaration provided by the Company NA NA Whether all arrangements pertaining to technical assistance/collaboration in operation? NA Declaration provided by the Company NA NA Anyfavourable eventsimproving object(s) viability NA NA NA NA Any unfavourable events affecting object(s) viability NA Declaration provided by the Company NA NA	1) Issuer Details: Name of the issuer: ELIN ELECTRONICS LIMITED The names of the promoters of the issuer: Shri Mangi Lall Sethia, Shri Kamal Sethia, Shri Kishore Sethia, Shri Gaurav Sethia, Shri Sanjeev Sethia, Shri Sumit Sethia, Shri Vinay Kumar Sethia, Smt Suman Sethia, Smt. Vasudha Sethia Industry/sector to which it belongs: EMS(Electronics Manufacturing Services) 2) Issue Details: Issue Period: December 20, 2022 to December 22, 2022 Type of issue (public/rights): Public Issue (IPO) Type of specified securities: Equity Shares Grading: Not applicable Issue size (Rs. in Millions):₹ 4,750 millions (including fresh issue of₹ 1,750 millions) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: (Give item by item description for all the objects, stated in the offer document separately in following format) Particulars Reply Source of information/ certifications considered for preparation of report Comments of Monitoring Agency Comments of Board of Directors Whether all the utilization is as per disclosure in Offer Document? Yes Certificate provided by Chartered Accountant No comments No comments as is no deviation Whether Shareholder approval is obtained in case of material deviations# from expenditures disclosed in Offer Document? NA NA NA NA Whether means of finance for disclosed objects of the Issue has changed? NO Declaration provided by the Company No No Any major deviation observed over the earlier monitoring agency reports? NA NA NA NA Whether all Government / Statutory approvals related to the object(s) obtained? NA Declaration provided by the Company NA NA Whether all arrangements pertaining to technical assistance/collaboration in operation? NA Declaration provided by the Company NA NA Anyfavourable eventsimproving object(s) viability NA NA NA NA Any unfavourable events affecting object(s) viability NA Declaration provided by the Company NA NA	1) Issuer Details: Name of the issuer: ELIN ELECTRONICS LIMITED The names of the promoters of the issuer: Shri Mangi Lall Sethia, Shri Kamal Sethia, Shri Kishore Sethia, Shri Gaurav Sethia, Shri Sanjeev Sethia, Shri Sumit Sethia, Shri Vinay Kumar Sethia, Smt Suman Sethia, Smt. Vasudha Sethia Industry/sector to which it belongs: EMS(Electronics Manufacturing Services) 2) Issue Details: Issue Period: December 20, 2022 to December 22, 2022 Type of issue (public/rights): Public Issue (IPO) Type of specified securities: Equity Shares Grading: Not applicable Issue size (Rs. in Millions):₹ 4,750 millions (including fresh issue of₹ 1,750 millions) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: (Give item by item description for all the objects, stated in the offer document separately in following format) Particulars Reply Source of information/ certifications considered for preparation of report Comments of Monitoring Agency Comments of Board of Directors Whether all the utilization is as per disclosure in Offer Document? Yes Certificate provided by Chartered Accountant No comments No comments as is no deviation Whether Shareholder approval is obtained in case of material deviations# from expenditures disclosed in Offer Document? NA NA NA NA Whether means of finance for disclosed objects of the Issue has changed? NO Declaration provided by the Company No No Any major deviation observed over the earlier monitoring agency reports? NA NA NA NA Whether all Government / Statutory approvals related to the object(s) obtained? NA Declaration provided by the Company NA NA Whether all arrangements pertaining to technical assistance/collaboration in operation? NA Declaration provided by the Company NA NA Anyfavourable eventsimproving object(s) viability NA NA NA NA Any unfavourable events affecting object(s) viability NA Declaration provided by the Company NA NA
		Particulars	Reply	Source of information/ certifications considered for preparation of report	Comments of Monitoring Agency	Comments of Board of Directors
		Whether all the utilization is as per disclosure in Offer Document?	Yes	Certificate provided by Chartered Accountant	No comments	No comments as is no deviation
		Whether Shareholder approval is obtained in case of material deviations# from expenditures disclosed in Offer Document?	NA	NA	NA	NA
		Whether means of finance for disclosed objects of the Issue has changed?	NO	Declaration provided by the Company	No	No
		Any major deviation observed over the earlier monitoring agency reports?	NA	NA	NA	NA
		Whether all Government / Statutory approvals related to the object(s) obtained?	NA	Declaration provided by the Company	NA	NA
		Whether all arrangements pertaining to technical assistance/collaboration in operation?	NA	Declaration provided by the Company	NA	NA
		Anyfavourable eventsimproving object(s) viability	NA	NA	NA	NA
		Any unfavourable events affecting object(s) viability	NA	Declaration provided by the Company	NA	NA

	Any other relevant information that may materially affect the decision making of the investors	Any other relevant information that may materially affect the decision making of the investors	Any other relevant information that may materially affect the decision making of the investors	Any other relevant information that may materially affect the decision making of the investors	No	No	NA	NA	NA	NA	No comments as there are no deviation	No comments as there are no deviation	No comments as there are no deviation
	# Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of fund actually utilized by more than 10% of the amount projected in the 4) Details of object(s)s to be monitored: (i) Cost of object(s): All in₹Millions									offer documents.
	Sl. No	Item Head	Source of information/ certifications considered for preparation of report	Original Cost (as per Offer Document)		Revised Cost		Comments of Monitoring Agency		Comments of Board of Directors
										Reason of cost revision		Proposed financing option	Particulars of firm arrangements made
	1	Repayment/ prepayment, in full or part, of certain borrowings availed of by our Company	As per prospectus and Company declaration	880.00		NA		No Comments		NA		NA	NA
	2	Funding capital expenditure towards upgrading and expanding our existing facilities at (i) Ghaziabad, Uttar Pradesh and (ii) Verna, Goa	As per prospectus and Company declaration	375.89		NA		No Comments		NA		NA	NA
	3	General corporate purposes	As per prospectus and Company declaration	390.24		395.63		No Comments		NA		NA	NA
	(ii) Progress in the object(s): All in₹Millions

==> picture [842 x 69] intentionally omitted <==

	S. No	Item Head$	Source of information/ certifications considered for preparation of report	Amount as propose d in Offer Docume nt	Amount utilized	Amount utilized		Total unutilized Amount	Comments of Monitoring Agency	Comments of Board of Directors	Comments of Board of Directors
					As at Beginning of the quarter	During the quarter	At the end of the quarter			Reason of idle funds	Proposed Course of Action
	1	Repayment/ prepayment, in full or part, of certain borrowings availed of by our Company(Note - 1)	Certificate provided by Chartered Accountant and Company declaration	880.00	880.00	-	880.00	-	No Comments	NA	No Comments
	2	Funding capital expenditure towards upgrading and expanding our existing facilities at (i) Ghaziabad, Uttar Pradesh and (ii) Verna, Goa	Certificate provided by Chartered Accountant and Company declaration	375.89	201.54	46.41	247.95	127.94	No Comments	NA	No Comments
	3	General corporate purposes	Certificate provided by Chartered Accountant and Company declaration	390.24	395.63	-	395.63	-	No Comments	NA	No Comments
		Total		1646.13	1477.17	46.41	1523.58	127.94

==> picture [842 x 69] intentionally omitted <==

	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -	any increase in the amount allocated for prepayment and repayment in full or part, of borrowings availed by the Company as disclosed in the prospectus and therefore same shall not amount to any variation or deviation from the Objects of the Offer as disclosed in the prospectus. Note 3:*Due to change of market scenario, upgradation of technologies and cost efficiency, the actual capital expenditures for expansion have been made different than stated in the prospectus in terms of expansion location and asset item. The Management of the company has obtained formal opinion from the Independent Professionals and is of the view that no prejudice is being caused by change of expansion locations or change of machineries (having similar use) given the fact that the same will lead to an overall increase in the profitability of the Company and also same does not amount to a material deviation or variation in the objects of the offer as disclosed in the prospectus. (iii) Deployment of unutilized proceeds: All in₹Millions Sl. No Type of instrument where amount invested Amount invested Maturity date Earnings (Gross) Return on Investment (ROI %) Market Value as at the end of quarter 1 Fixed Deposit (Standard Chartered Bank) 99.00 18-04-2025 5.69 8.00% 104.29 2 Fixed Deposit (Standard Chartered Bank) 99.00 16-04-2025 5.72 8.00% 104.32 *Total 198.00 11.41 208.61 The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment of unutilised public offer proceeds is on account of interest earned by the company (net of TDS) upto the quarter ended December 31, 2024. The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s): Object(s) Name Completion Date Delay (No. of days/ months)Comments of Board of Directors As per Offer Document Actual Reason of delay Proposed Course of Action NA NA NA NA No Comments In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million) S.no Item Head Amount as proposed in offer document Amount Utilized Amount Unutilized As at Beginning of the quarter During the quarter At the end of the quarter 1 General Corporate Purpose 390.24 395.63 - 395.63* -
		Sl. No	Type of instrument where amount invested					Amount invested			Maturity date	Earnings (Gross)			Return on Investment (ROI %)			Market Value as at the end of quarter*
		1	Fixed Deposit (Standard Chartered Bank)					99.00			18-04-2025	5.69			8.00%			104.29
		2	Fixed Deposit (Standard Chartered Bank)					99.00			16-04-2025	5.72			8.00%			104.32
			Total					198.00				11.41						208.61
		* The difference between the total unutilised amount disclosed in 4(ii) above and the total deployment earned by the company (net of TDS) upto the quarter ended December 31, 2024. ** The exact earning & Market value shall be available on redemption/ realization of the Fixed Deposit. (iv) Delay in implementation of the object(s):													of unutilised public offer			proceeds
		Object(s) Name		Completion Date						Delay (No. of days/ months)				Comments of Board of Directors
				As per Offer Document			Actual*							Reason of delay			Proposed		Course of Action
		NA		NA			NA			NA				No Comments
		* In case of continuing object(s) please specify latest/revised estimate of completion date. V) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document: (₹ in Million)
	S.no				Item Head	Amount as proposed in offer document			Amount Utilized										Amount Unutilized
									As at Beginning of the quarter				During the quarter			At the end of the quarter
	1				General Corporate Purpose	390.24			395.63				-			395.63			-

==> picture [842 x 69] intentionally omitted <==