Ruchi Infrastructure Ltd — Capital/Financing Update 2025

Feb 5, 2025

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Date: 5[th] February, 2025

BSE Ltd. Floor No. 25[th] Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001

National Stock Exchange of India Ltd., “Exchange Plaza”, Bandra-Kurla Complex, Bandra East, Mumbai – 400051

Sub: Nil Statement on Deviation or Variation of funds raised through Preferential Issue. Ref: Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sirs,

We may kindly mention that during the quarter ended 31[st] March, 2023, the Company made preferential issue of 3,07,85,000 convertible warrants at a price of Rs. 10.30 per warrant (Rs. 2.60/per warrant being ‘warrant subscription price’ and Rs. 7.70 per warrant being ‘warrant exercise price’) and raised an aggregate amount of Rs. 15.91 Crore towards warrant subscription/warrant conversion. Till 31[st] March, 2024 an aggregate amount of Rs. 23.14 crore was raised and the last conversion of warrant effecting into proceeds of Rs. 8.56 crore was done in August, 2024. As on 31[st] December, 2024, total amount of Rs. 31.71 Crore has been raised towards warrant subscription/warrant conversion and there remains no outstanding warrants pending for conversion. Such proceeds have been/are being utilized in accordance with the objects of issue.

Pursuant to SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019 regarding ‘Format on Statement of Deviation or Variation for proceeds of public issue, right issue, preferential issue, qualified institutions placement (QIP)’ and pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that during the quarter ended 31[st] December, 2024, there is no deviation or variation in use of aforesaid preferential issue proceeds. A Nil Statement of deviation or variation in this regard is enclosed herewith (Annexure-A).

Kindly take the same on your record.

Thanking you, Yours faithfully, For Ruchi Infrastructure Limited

Digitally signed by Narendra Kumar Shah Narendra Kumar Shah Date: 2025.02.05 16:47:02 +05'30'

Managing Director Encl: a/a

___________________ Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra

E-mail id: info@ruchiinfrastructure.com Website: www.ruchiinfrastructure.com

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Annexure-A

**Annexure-A **	**Annexure-A **	**Annexure-A **	**Annexure-A **	**Annexure-A **	**Annexure-A **	**Annexure-A **	**Annexure-A **
Statement of Deviation/Variation in utilization of funds raised
Name of Listed Entity				Ruchi Infrastructure Limited
Mode of Fund Raising				Preferential Issue
Date of Raising Funds				7th/8thFebruary, 2023, 24thMarch, 2023, 29thJanuary, 2024, 19th March,2024 and 1stAugust,2024.
Amount Raised				Rs. 31,70,85,500/- [Warrant subscription price of Rs. 2.60 per warrant amounting Rs. 8,00,41,000/- on 7th/8thFebruary, 2023, warrant exercise price of Rs. 7.70 per warrant amounting Rs. 7,90,17,400/- on 24thMarch, 2023, amounting Rs. 3,85,00,000/- on 29thJanuary, 2024, amounting Rs. 3,38,80,000/- on 19thMarch, 2024 and amounting Rs. 8,56,47,100/- on 1stAugust,2024].
Report filed for Quarter ended				31stDecember, 2024
Monitoring Agency				Not Applicable
Monitoring Agency Name, if applicable				Not Applicable
Is there a Deviation/Variation in use of funds raised				No
If yes, whether the same is pursuant to change in terms of contract or objects, which was approved by the shareholder				Not Applicable
If Yes, Date of Shareholder Approval				Not Applicable
Explanation for the Deviation/Variation				Not Applicable
Comments of the Audit Committee after review				The Audit Committee at its meeting held on 5thFebruary, 2025 observed that during the quarter ended 31stDecember, 2024, there is no deviation/variation in utilisation of proceeds of preferential issue.
Comments of the auditors, if any				-
Objects for the which funds have been raised and where there has been a deviation, in the following table:
Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any		Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks, if any
Not Applicable

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 Ruchi Infrastructure Limited

Narendra Digitally signed by Narendra Kumar Shah Kumar Shah Date: 2025.02.05 16:47:36 +05'30'

Managing Director

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Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra

E-mail id: info@ruchiinfrastructure.com Website: www.ruchiinfrastructure.com