Mold-Tek Packaging Limited — Capital/Financing Update 2021

Nov 1, 2021

Date: I S1 November, 202 1

To,	To,
The Manager,	The Manager,
Department of Corporate Services,	National Stock Exchange of Indi a Limited,
BSE Ltd., Phiroze Jeejeebhoy Towers,	Exchange Pl aza, Bandra Kurla Complex,
Dalal Street, Fort,	Bandra (E),
Mumbai-40000 I.	Mumbai-400051.
Scrip Code: 533080	Ref: MOLDTKPAC - EQ

Dear Sir,

Su b: Statement of deviation or variation in the use of proceeds of Rights Issue:

Pursuant to Regulation 32 of th e SE BI (Listing Ob li gation s and Disc losure Requ irements) Regulations. 2015. we hereby confirm th at th ere is no dev iat ion or va riati on in the use of proceeds, li'om the objects stated in th e Letter of Offer for Rights Issue of th e Company, dated 17lh October, 2020.

A statement of deviation or variation, stating that there is no deviation or variation in the utilisation of these proceeds, duly reviewed by th e Audit Comm ittee, is attached.

Kind ly take the above informat ion on record.

Thanking yo u,

Corporate Office: Plot # 700, Road No. 36, Jubilee Hills, Hyderabad - 500 033, Telangana, INDIA. Phone: +91-40-40300300, Fax: +91-40-40300328, E-mai I: ir@moldtekindia.com Website: www.moldtekgroup.com CIN No: L21022TG1997PLC026542

STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED FOR THE QUARTER ENDED $30^\text{TH}$ SEPTEMBER, 2021.

there is a strained

$\mathbf S$ No.	Name of listed entity			Mold-Tek Packaging Limited
1.	Mode of Fund Raising		Rights Issues
2.	Date of Raising Funds		28 th October, 2020 to 11 th November, 2020
3.	#Amount Raised				Rs. 1,782.60 Lakhs (Equals 25% of Total Rights issue amount)
	(Refer Notes)			(Total amount to be raised under Rights issue is Rs. 7,130.44 Lakhs)
4.	Report filed for Quarter ended		30 th September, 2021
5.	Monitoring Agency			Not Applicable
6.	Monitoring Agency Name, if applicable			Not Applicable
7.	Is there a Deviation / Variation in use of funds raised		No
8.	If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders			Not Applicable
9.	If Yes, Date of shareholder Approval			Not Applicable
10.	Explanation for the Deviation / Variation			Not Applicable
11.	Comments of the Audit Committee after review		Noted
12.	Comments of the auditors, if any		None
13.	Objects for which funds have been raised and where there has been a deviation, in the following table			There are no deviations
14.	Original Object	Modifie $\mathbf d$ Object,		Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/V ariation for	Remarks if any
		if any					the quarter according to applicable object
a)	Repayment/prepayme nt of certain working capital borrowings of our Company, in full or in part/ General corporate purposes	NA		1,782.60 lakhs	NA	1,782.60 lakhs	NIL	None

Deviation or variation could mean:
(a) Deviation in the obiects or pnnlOses for which the fnnds have been raised or
(b) Deviation in the amonnt of fnnds actnally ntilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, lettC!" of offer, etc

#Notes:

• I. The company has rece ived Rs. 2,49,89,850 on issue of 5,55,33 0 Part ly pa id up Eq uity Shares @ Rs. 45/- per Partly Pa id up Equity Share i. e., 25 % of issue pri ce of Rs. 180/- per Ri ghts Equity Share.
• 1. Wh ereas the company has rece ived Rs. 15,32.7 1,080 on 33.3 1.980 Detachable warrants @ Rs.46/- per detachabl e warrant i. e., 25 % of iss ue pri ce of Rs. 184/- per detachable warrant.
• 1. Tota l amount rece ived up 0 11 issue o f 5.55.330 Partly paid up Equity Shares & 33 ,3 1,980 Detachable warrants is Rs. 17,82,60,930 on applicati on.
• 1. During the 4'" Qua rter as on 3 1.03.202 1, th e company has rece ived few app li cations relating to conversion of 5,094 detachabl e warrants into ful ly paid up Equity Shares of Rs.5/- each. Up on al lotment of 5,094 Equ ity Shares, the company has received Rs. 7,02,972/-.
• 1. During the I" Qua ,1er (For the FY 202 1-22) as on 30.06.202 1. the company has rece ived few appli cations re lating to co nversion of 2,20,280 detachabl e warrants into full y paid up Equity Shares of Rs.5/- each. Up on allotment of 2,20,280 Equity Shares, the company has received Rs. 3,03,98,640/-.
• 1. During the 2"" Quarter (For the FY 2021-22) as on 30.09.2021 , the company has received few applications relating to conversion of 1,25,163 detachable warrants into fully paid up Equity Sha"es of Rs.S/- each, Up on allotment of 1,25,163 Equity Shares, the company has received Rs. 1,72,72,494/-.

The entire funds raised by the Company through Ri ghts Issue, in cludi ng amount rece ived duri ng the 2"" quarter end ed on 30'" September. 202 1, has been utili zed for th e oi:>je cts stated in the Letter of Offer for Rights Iss ue of the Company. dated 17'" October. 2020.

For MOLD-TEK PACKAGING LIMITED