Servotech Renewable Power System Limited — Capital/Financing Update 2025

Jan 21, 2025

21[st] January, 2025

==> picture [537 x 40] intentionally omitted <==

To,

National Stock Exchange of India Limited Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai-400 051

Trading Symbol: SERVOTECH

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

Dear Sir/Madam,

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 are enclosing herewith Statement of Deviation/Variation in Utilization of issue proceeds for the quarter ended 31[st] December, 2024 as reviewed by Audit Committee.

Kindly take the above information on record and oblige.

Thanking You,

FOR SERVOTECH RENEWABLE POWER SYSTEM LIMITED (Formerly known as Servotech Power Systems Limited)

Rupind Digitally signed by Rupinder Kaur Date: 2025.01.21 er Kaur 16:43:14 +05'30'

RUPINDER KAUR COMPANY SECRETARY AND COMPLIANCE OFFICER ICSI MEM. NO.: A38697

==> picture [483 x 65] intentionally omitted <==

==> picture [537 x 40] intentionally omitted <==

STATEMENT OF DEVIATION/VARIATION IN UTILISATION OF FUNDS RAISED

Name of Listed entity	Name of Listed entity	Servotech Renewable Power System Limited (Formerly Known As Servotech Power Systems Limited)	Servotech Renewable Power System Limited (Formerly Known As Servotech Power Systems Limited)	Servotech Renewable Power System Limited (Formerly Known As Servotech Power Systems Limited)	Total
Mode of Fund Raising		Preferential issue - 58,50,000 warrants,			Rs. 24,48,22,500/-
Date of Raising Funds		10thDecember, 2024 (Allotment of warrants)
Amount Raised		Rs. 24,48,22,500/- (Rupees Twenty Four Crore Forty Eight Lakhs Twenty Two Thousand Five Hundred Only ) for each warrants, which is equivalent to 25% (twenty five per cent) of the warrant issue price ("warrant subscription price") received on allotment of 58,50,000 warrants on preferential basis to promoter and certain identified non-promoters
Report filed for Quarter ended		31stDecember, 2024
Monitoring Agency		Not Applicable
Is there a Deviation/Variation in use of funds raised		Not Applicable
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		NIL
Comments of the auditors, if any		NIL
Objects for which funds have been raised and where there has been a deviation, in the following table:
Original Object	Modified Object, if an	y Original Allocatio n	Modified allocation, if any	Funds Utilized	Amount of Deviation/ Variation for the quarter according to applicable object	Remarks, if any
The object of Preferential issue was to aid the Company to expand its industry presence, local and global presence, rapid, cost effective solutions across verticals of the Company. The Company will achieve greater benefits in terms of financial, managerial, technical and marketing resources which will lead to maximizing stakeholder’s value.	NIL	Rs. 24,48,22, 500	NIL	Rs. 24,48,22,500	NIL	Not Applicable

FOR SERVOTECH RENEWABLE POWER SYSTEM LIMITED (Formerly known as Servotech Power Systems Limited)

Rupind Digitally signed by Rupinder Kaur Date: 2025.01.21 er Kaur 16:43:39 +05'30'

RUPINDER KAUR COMPANY SECRETARY AND COMPLIANCE OFFICER ICSI MEM. NO.: A38697

==> picture [483 x 65] intentionally omitted <==