Shree Cements Ltd. — Capital/Financing Update 2022

Oct 14, 2022

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SCL/BWR/SE/2022-23/ 14[th] October, 2022

FAX NO. 022 – 26598237 / 26598238 Email :cmlist@nse.co.in Listing Department National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra – Kurla Complex, Bandra (East) MUMBAI – 400 051 SCRIP CODE: SHREECEM EQ	FAX NO. 022-22722041 / 22722061 Email: corp.relations@bseindia.com Corporate Relationship DepartmentBombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, MUMBAI – 400 001 SCRIP CODE 500387

Sub:- Compliance under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sirs,

Pursuant to the Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that there is no deviation/ variation in the utilization of proceeds as mentioned in the objects stated in the Placement Document of Qualified Institutional Placement.

In terms of SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, please find enclosed herewith the Statement of deviation(s) or variation(s) of funds for the quarter ended 30[th] September, 2022.

Kindly take the same on record.

Thanking you,

Yours faithfully,

For SHREE CEMENT LIMITED

SHYAM Digitally signed by SHYAM SUNDER SUNDER KHANDELWAL Date: 2022.10.14 17:57:02 KHANDELWAL +05'30'

S.S. KHANDELWAL

COMPANY SECRETARY

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STATEMENT OF DEVIATION / VARIATION IN UTILIZATION OF FUNDS RAISED

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Name of listed entity SHREE CEMENT LIMITED
Mode of Fund Raising Public Issues / Rights Issues /
Preferential Issues / QIP /
Others
Date of Raising Funds 26-11-2019
Amount Raised Issue Size: Rs. 2400 Crores
Net Proceeds: Rs. 2383 Crores
Report filed for Quarter ended 30-09-2022
Monitoring Agency applicable / not applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of funds raised Yes / No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the Not Applicable
shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review Not Applicable
Comments of the auditors, if any Not Applicable
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object Modified Original Modified Funds Amount of Deviation Remarks
Object, Allocation allocation, Utilized / Variation for the if any
if any if any (Upto quarter according to
30.09.2022) applicable object
Funding future growth opportunities and/or strategic Nil Rs. 2,383 Nil Rs. 2,383 Nil -
acquisitions, general corporate requirements, working capital Crores Crores
requirement, pre-payment and/or repayment of loans and/or
any other purposes, as may be permissible under applicable
law
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 SHREE CEMENT LIMITED
SHYAM SUNDER Digitally signed by SHYAM SUNDER KHANDELWAL
KHANDELWAL Date: 2022.10.14 17:57:58 +05'30'
S.S. Khandelwal
Company Secretary
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