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Quess Corp Limited Capital/Financing Update 2021
61817_rns_2021-01-28_38940d8b-9ed6-4767-b73a-fb03b8478396.pdf
Capital/Financing Update
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January 28, 2021
To The General Manager Department of Corporate Services, BSE Limited, 1st Floor, New Trading Ring, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Security Code – 539978 NSE Symbol – QUESS
The Manager Department of Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra- Kurla Complex, Bandra (East), Mumbai – 400 001
Dear Sir/Madam,
Sub: Compliance under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1 /162/2019 dated December 24, 2019, we hereby confirm that there is no deviation or variation in the utilisation of proceeds of the preferential issue. Please find attached the Statement as per the Circular.
Request you to kindly take the above information on record.
Thanking you,
Yours faithfully,
FOR QUESS CORP LIMITED
KUNDAN K LAL COMPANY SECRETARY AND COMPLIANCE OFFICER
| Statement of Deviation / Variation in utilisation of funds raised | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Name of listed entity | Quess Corp Limited | |||||||||
| Mode of Fund Raising | PreferentialIssue | |||||||||
| Date of Raising Funds | October 25, 2019 (Trading approval letter dated October 25, 2019 from BSE & NSE) | |||||||||
| Amount Raised | Rs. 50,99,99,412 | |||||||||
| Report filed for Quarter ended | 31st December, 2020 | |||||||||
| Monitoring Agency | NotApplicable | |||||||||
| Monitoring Agency Name, if applicable | Not Applicable | |||||||||
| IsthereaDeviation/Variationinuseoffundsraised | No | |||||||||
| Ifyes,whetherthesameispursuanttochangein termsofacontract | Not Applicable | |||||||||
| orobjects,whichwasapproved 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 | |||||||||
| Comments of the auditors, if any | No Comments | |||||||||
| Objectsforwhichfundshavebeenraisedandwhere there has been a deviation, in the following table | ||||||||||
| Original Object | Modified Object, | Original | Modified | Funds Utilised | Amount of | Remarks if | ||||
| if any | Allocation | allocation, | till September | Deviation/Variation for | any | |||||
| if any | 30, 2020 | the quarter according | ||||||||
| to applicable object | ||||||||||
| The proceeds of the issue will be utilized towards the business of Qdigi | Not Applicable | Rs. 50,99,99,412 | Not | 5,00,00,000 | Not Applicable | No deviations | ||||
| Services Limited, a subsidiary of the Company, in accordance with the | Applicable | |||||||||
| business plan agreed amongst the Company, the Subsidiary and | ||||||||||
| Amazon.com NV Investment Holdings LLC, a category III Foreign | ||||||||||
| Portfolio Investor (Allottee). |
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
Kundan K Lal Company Secretary & Compliance Officer