Rajshree Polypack Limited — Capital/Financing Update 2024

Apr 27, 2024

Date:- April 27, 2024

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To,

National Stock Exchange of India Limited

Listing and Compliance Department Exchange Plaza, C-1, Block G, 5[th] Floor Bandra Kurla Complex, Bandra (E), Mumbai – 400051

Symbol:- RPPL

Dear Sir/Madam,

Subject:- Statement of deviation or variation under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by Rajshree Polypack Limited (“ Company ”)

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements Regulations), 2015, we hereby confirm that there is no deviation or variation in the use of the proceeds, from the objects as stated in the explanatory statement to the Notice and Corrigendum of Notice for Extraordinary General Meeting held on November 8, 2023 for the issue of Equity shares and Convertible warrants into Equity shares on preferential basis.

A statement of deviation in format specified in the SEBI circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019 read with Section IIIC of SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, stating there is no deviation or variation in the utilization of these proceeds for the quarter ended March 31, 2024, duly reviewed by the Audit Committee in its meeting held on April 27, 2024 is annexed herewith as “Annexure– A”.

Request you to take the aforementioned information on record.

Yours faithfully,

FOR RAJSHREE POLYPACK LIMITED

MITALI Digitally signed by MITALI RAJENDRA RAJENDRA SHAH Date: 2024.04.27 SHAH 17:13:59 +05'30'

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Mitali Rajendra Shah Company Secretary & Compliance Officer Encl: As above.

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Annexure A

Statement of Deviation / Variation in utilization of funds raised

Name of listed entity	RajshreePolypack Limited	RajshreePolypack Limited
Mode of Fund Raising	Preferential Issue of EquityShares	Convertible Warrants into EquityShares
Date of RaisingFunds	December 11,2023 (Date of Allotment)
Amount Raised (in INR Crores)	16.1975 (Equity Shares)	1.5675 Convertible Warrants into Equity Shares(Refer Note No. 1)
Report filedforquarterended	March31,2024
MonitoringAgency	Not Applicable
MonitoringAgencyName,if applicable	Not Applicable
Istherea Deviation/ Variation inuse of fundsraised	No
If yes, whether the same is pursuant to change in terms of a contract or objects,which was approved bythe shareholders	Not Applicable
If Yes,Date ofshareholder Approval	Not Applicable
Explanation for theDeviation/ Variation	Not Applicable
Comments of the Audit Committee after review	No Comments
Comments of theauditors,if any	No Comments

Objects for which funds have been raised and where there has been	Objects for which funds have been raised and where there has been	Objects for which funds have been raised and where there has been	Objects for which funds have been raised and where there has been	a deviation in	the followingtable	the followingtable
Original Object		Modified Object, if any	Original Allocation (Amount in Rs. Crores)	Modified allocation, if any	Funds utilized (Amount in Rs. Crores)	Amount of Deviation/ Variation for the quarter ended according to applicable object	Remarks if any
1.	Capital Expenditure	Not Applicable	04.00	Not Applicable	0.00	Nil	-
2.	LongTermworking Capital		13.97		13.2625
3.	GeneralCorporatePurpose		04.50		04.50

Note No. 1:- Funds received on account of allotment of 3,00,000 warrants, each convertible into one equity share, of face value of Rs. 10 each upon receipt of warrant subscription price at the rate of Rs. 52.25 per warrant, being 25% of the issue price per warrant as upfront payment.

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 RAJSHREE POLYPACK LIMITED

MITALI Digitally signed by MITALI RAJENDRA RAJENDRA SHAH Date: 2024.04.27 SHAH 17:14:30 +05'30'

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Mitali Rajendra Shah Company Secretary & Compliance Officer