NDL Ventures Limited — Regulatory Filings 2022

Feb 12, 2022

Date: February 12, 2022

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 500189

To,

National Stock Exchange of India Exchange Plaza, Bandra-Kurla Complex, Bandra East Mumbai- 400 051 Company Script Code: NXTDIGITAL

Dear Sir / Madam,

Sub: Statement of deviation or variation in the use of proceeds of Rights Issue for the quarter ended December 31, 2021.

Ref.: Regulations 32 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulations 32 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMDl/162/2019 dated December 24, 2019, we hereby confirm that there is no deviation or variation in the use of proceeds for the quarter ended December 31, 2021, from the objects stated in the Letter of Offer dated November 1, 2021, for the Rights Issue of the Company. A statement of deviation, stating that there is no deviation or variation in the utilization of these proceeds, duly reviewed by the Audit Committee of the Company, is enclosed as "Annexure A" .

Request you to kindly take the same on your records.

Thanking you,

Yours Faithfully As ish Pandey Company Secretary

Encl: as stated above.

(Formerly known as Hinduja Ventures Limited)

Registered Office: IN CENTRE, 49/50 MIDC, 12' h Road, Andheri (E), Mumb ai - 400 093. T· +91 _ 22 _ 2820 8585 W: www.n xtdigital.co.in CIN. No.: L51900MH1985PLC036896

~ HINDUJA GROUP . .

AnnexureA						(Rs. in Crores)
Statement of Deviation / Variation in utilization of funds raised
Name oflisted entity	NXTDIGITAL Limited
Mode of Fund Raising	Publie Issues/ Rights Issues/
	PFefeFential Issues
	f QIP f QtheFs
Date of Raising Funds	December 4, 2021 (Date of allotment)
Amount Raised	Rs. 288.61 Crores
Report filed for Quarter ended	December 31, 2021
Monitoring Agency	applicable/ net applieahle
Monitoring Agency Name, if applicable	~xis Bank Limited
Is there a Deviation / Variation in use of funds raised	¥es-f No
If yes, whether the same is pursuant to change in terms Not applicable
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 review	No
Comments of the auditors, if any	No
Objects for which funds have been raised and where
there has been a deviation, in the following table
Original Object	Modified		Original Modified	Funds Utilized	Amount of Remarks
	any		Object if Allocation allocation if any		Deviation/ Variation	ifany
					forthe
					quarter
					according
					to
					applicab le object
Repayment and /or prepayment, of all or a portion of	NA	~60	NIL	1. !CDs converted into Equity Share Capital	~IL	NA
certain outstanding borrowings including interest availed				(a)Hinduja Group Limited: 158.29
by our Company				(b)Hinduja Realty Ventures Limited :25.51
				2. Yes Bank- Part repayment of Term Loan: 77.92
General Corporate Purpose	NA	26.96	NIL	24.58	NIL	NA

• t{._~\l~l , ~ ~ l><M ~,~' ~ ⁰ ~ *

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 NXTDIGITAL Limited

Name ~ of Signatory: Mr. Amar Chi

DIN: 00048789