Info Edge(India) Ltd. — Capital/Financing Update 2022

Jan 28, 2022

January 28, 2022

1. The Manager- Listing National Stock Exchange of India Limited

(Scrip Code: NAUKRI)

2. The Manager- Listing BSE Limited (Scrip Code: 532777)

Subject: Statement of Deviation or Variation in utilization of funds raised under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the Quarter ended December 31, 2021

Dear Sir/Madam,

Please find enclosed herewith the Statement of Deviation or Variation in utilization of funds raised through QIP by the Company in FY 2014-15 & 2020-21 respectively under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the Quarter ended December 31, 2021, reviewed by the Audit Committee and taken on record by the Board at their respective meetings held on January 28, 2022.

We request you to please take the above on record.

Thanking you

Yours truly

For Info Edge (India) Ltd ,

(MM Jain) SVP- Secretarial & Company Secretary

Encl.: A/a

Statement of Deviation / Variation in utilisation of funds raised

Name of listed entity	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited
Mode of Fund Raising	QIP
Date of Raising Funds	September 12,2014
Amount Raised	Rs. 7,500 Mn
Report filed forquarter ended	December 31,2021
Monitoring Agency	NA
Monitoring Agency Name, if applicable	NA
Is there a Deviation/Variation in use of Funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	NA
If Yes, Date of shareholder Approval	NA
Explanation for the Deviation/ Variation	NA
Comments of the Audit Committee after review	There is no deviation/variation
Comments of the auditors, if any	There is no deviation/variation
Objects for which funds have been raised and where there has been a deviation, in the following table	The Net Proceeds of the Issue are proposed to be used for strengthening the financial position and net worth, capital expenditure, working capital and general corporate purposes, including but not restricted to investment in our existing businesses, in particular 99acres.com, strategic initiatives, partnerships, joint ventures, investments, acquisitions and meeting exigencies and other general corporate purposes, which in the ordinary course of business may be faced by the Company or any other purposes approved by the Board.
		(Amount in Rs. Mn)
Original Object	Modified Object, if any	Original **Allocation ***	Modified allocation, if any	Funds utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
The Net Proceeds of the Issue are proposed to be used for strengthening the financial position and net worth, capital expenditure, working capital and general corporate purposes, including but not restricted to investment in our existing businesses, in particular 99acres.com, strategic initiatives, partnerships, joint ventures, investments, acquisitions and meeting exigencies and other general corporate purposes, which in the ordinary course of business may be faced by the Company or any other purposes approved by the Board.	NA	7,344.35	No	5,482.36	No	_

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 agains t 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

*** Net of Expenses incurred in relation to QIP amounting to ₹155.65 Mn**

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Name of Signatory: Chintan Thakkar Designation: Whole-time Director & CFO

Statement of Deviation / Variation in utilisation of funds raised

Name of listed entity	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited
Mode of Fund Raising	QIP
Date of Raising Funds	August 8,2020
Amount Raised	Rs. 18750 Mn
Report filed forquarter ended	December 31,2021
Monitoring Agency	NA
Monitoring Agency Name, if applicable	NA
Is there a Deviation/Variation in use of Funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	NA
If Yes, Date of shareholder Approval	NA
Explanation for the Deviation/ Variation	NA
Comments of the Audit Committee after review	There is no deviation/variation
Comments of the auditors, if any	There is no deviation/variation
Objects for which funds have been raised and where there has been a deviation, in the following table	The Net Proceeds of the Issue are proposed to augment our long term cash resources, for meeting the fund requirements of our business activities and general corporate purposes as a part of our growth strategy. Subject to the review of the Audit Committee as required under the SEBI Listing Regulations and in accordance with the decision of our Board, the Company’s management will have the flexibility in deploying the Net Proceeds. The amounts and timing of any expenditure will depend on, among other factors, the amount of cash generated by operations, competitive and market developments and the availability of acquisition or investment opportunities on terms acceptable. Pending utilization of the Net Proceeds, the Company intends to invest the funds in creditworthy instruments, including money market, mutual funds, and deposits with banks and corporates or other securities. Such investments would be in accordance with the investment policies as approved by our Board and/ or a duly authorized committee of the Board from time to time and in accordance with applicable laws.
		(Amount in Rs. Mn)
Original Object	Modified Object, if any	Original **Allocation ***	Modified allocation, if any	Funds utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
The Net Proceeds of the Issue are proposed to augment our long term cash resources, for meeting the fund requirements of our business activities and general corporate purposes as a part of our growth strategy. Subject to the review of the Audit Committee as required under the SEBI Listing Regulations and in accordance with the decision of our Board, the Company’s management will have the flexibility in deploying the Net Proceeds. The amounts and timing of any expenditure will depend on, among other factors, the amount of cash generated by operations, competitive and market developments and the availability of acquisition or investment opportunities on terms acceptable. Pending utilization of the Net Proceeds, the Company intends to invest the funds in creditworthy instruments, including money market, mutual funds, and deposits with banks and corporates or other securities. Such investments would be in accordance with the investment policies as approved by our Board and/ or a duly authorized committee of the Board from time to time and in accordance with applicable laws.	NA	18,290.32	No	1782.61	No	-

Name of listed entity	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited	Info Edge(India)Limited
Mode of Fund Raising	QIP
Date of Raising Funds	August 8,2020
Amount Raised	Rs. 18750 Mn
Report filed forquarter ended	December 31,2021
Monitoring Agency	NA
Monitoring Agency Name, if applicable	NA
Is there a Deviation/Variation in use of Funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	NA
If Yes, Date of shareholder Approval	NA
Explanation for the Deviation/ Variation	NA
Comments of the Audit Committee after review	There is no deviation/variation
Comments of the auditors, if any	There is no deviation/variation
Objects for which funds have been raised and where there has been a deviation, in the following table	The Net Proceeds of the Issue are proposed to augment our long term cash resources, for meeting the fund requirements of our business activities and general corporate purposes as a part of our growth strategy. Subject to the review of the Audit Committee as required under the SEBI Listing Regulations and in accordance with the decision of our Board, the Company’s management will have the flexibility in deploying the Net Proceeds. The amounts and timing of any expenditure will depend on, among other factors, the amount of cash generated by operations, competitive and market developments and the availability of acquisition or investment opportunities on terms acceptable. Pending utilization of the Net Proceeds, the Company intends to invest the funds in creditworthy instruments, including money market, mutual funds, and deposits with banks and corporates or other securities. Such investments would be in accordance with the investment policies as approved by our Board and/ or a duly authorized committee of the Board from time to time and in accordance with applicable laws.
		(Amount in Rs. Mn)
Original Object	Modified Object, if any	Original **Allocation ***	Modified allocation, if any	Funds utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
The Net Proceeds of the Issue are proposed to augment our long term cash resources, for meeting the fund requirements of our business activities and general corporate purposes as a part of our growth strategy. Subject to the review of the Audit Committee as required under the SEBI Listing Regulations and in accordance with the decision of our Board, the Company’s management will have the flexibility in deploying the Net Proceeds. The amounts and timing of any expenditure will depend on, among other factors, the amount of cash generated by operations, competitive and market developments and the availability of acquisition or investment opportunities on terms acceptable. Pending utilization of the Net Proceeds, the Company intends to invest the funds in creditworthy instruments, including money market, mutual funds, and deposits with banks and corporates or other securities. Such investments would be in accordance with the investment policies as approved by our Board and/ or a duly authorized committee of the Board from time to time and in accordance with applicable laws.	NA	18,290.32	No	1782.61	No	-

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 agains t 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

*** Net of Expenses paid/provided in relation to QIP amounting to ₹459.68 Mn**

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Name of Signatory: Chintan Thakkar Designation: Whole-time Director & CFO