Nitco Ltd. — Regulatory Filings 2020

Jun 26, 2020

June 26, 2020

To,

Corporate Service Dept. BSE Limited Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Script code: 532722	The Listing Department, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400051. Script code: NITCO

Sub: Disclosure under regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, please find enclosed herewith the Statement of Deviation(s) or Variation(s) for the quarter/year ended March 31, 2020 duly reviewed by the Audit Committee at its meeting held on June 26, 2020.

This is for your information and record.

For Nitco Limited

Digitally signed by Puneet Ashok Motwani DN: c=IN, o=Personal, cn=Puneet Ashok Motwani, Puneet Ashok serialNumber=e5cad98cfd24de3726066fdfaa0affa0 81c6f46c029e402765ee6085e6a92fd4, postalCode=400050, 2.5.4.20=97eae5bc3d27583be5cbcf4cf08a51017488 Motwani 0b476c49bd0ef162c0976874ba71, st=Maharashtra Date: 2020.06.26 15:20:14 +05'30'

Puneet Motwani

Company Secretary & Compliance Officer

In view of a national emergency situation aroused in the country due to spread of Novel Coronavirus (COVID-19) we are submitting the attached Statement of Deviation / Variation in Utilisation of Funds raised without the signature of Chief Financial Officer.

STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED, FOR THE QUARTER/YEAR ENDED MARCH 31, 2020.

Name of listed entity	Nitco Limited
Mode of Fund Raising	Preferential Issues
Date of Raising Funds	22/02/2018
Amount Raised	97.5 Crore
Report filed for Quarter/Year ended	March 31, 2020
Monitoring Agency	Applicable
Monitoring Agency Name, if applicable	JM Financial Asset Reconstruction CompanyLimited
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	Not Applicable
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation	Not Applicable
Comments of the Audit Committee after review	Noted
Comments of the auditors, if any	None
Objects for which funds have been raised and where there has been a deviation, in the following table	There are no deviations

Rs. in Crore

Original Object	Modifie d Object, if any	Original Allocati on	Modifi ed Allocat ion, if any	Funds Utilised	Amount of Deviation/Var iation for the quarter according to applicable object	Remarks , if any
Working Capital and general corporate purpose	NA	97.5	NA	97.5	NIL	None

For Nitco Limited

Sd/Ramesh Iyer Chief Financial Officer Date: June 26, 2020