Shree Renuka Sugars Ltd. — Capital/Financing Update 2021

Aug 2, 2021

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2[nd] August 2021

Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (East), Mumbai – 400 051

NSE Symbol: RENUKA

Dept. of Corporate Service BSE Limited P. J. Towers, Dalal Street Mumbai – 400 001 BSE Scrip Code: 532670

Dear Sir/Madam,

Sub: Statement of utilisation of funds under Regulation 32 of SEBI (LODR) Regulations, 2015

Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please refer to the following statement of utilization of funds raised through preferential issue of equity shares to Wilmar Sugar Holdings Pte. Ltd. / statement of deviations, if any, in the use of proceeds of preferential issue, as reviewed by the Audit Committee at their meeting held on 2[nd] August 2021:

• a. Indicating deviations, if any, in the use of proceeds from the objects stated in the offer document or explanatory statement to the notice for the general meeting, as applicable;

There is no deviation in the use of proceeds from the objects stated in the explanatory statement to the notice for the general meeting.

• b. Indicating category wise variation (capital expenditure, sales and marketing, working capital etc.) between projected utilisation of funds made by it in its offer document or explanatory statement to the notice for the general meeting, as applicable and the actual utilisation of funds.

There is no variation between projected utilisation of funds and the actual utilisation of funds. Break‐up of utilization of funds and balance amount is given below:

Rs. In Million

Sr. No.Objects1.Redemption of OCPS	Sr. No.Objects1.Redemption of OCPS	Projectedutilization896.00	Actualutilization896.00	Balanceamount‐
2.	Redemption of RPS	754.00	741.46	12.54
3.	General Corporate Purpose(GCP)	200.00	200.00	‐
Total		1,850.00	1,837.46	12.54

You are requested to take the above on record.

Thanking you,

Yours faithfully,

For Shree Renuka Sugars Limited

Deepak Madhav Manerikar

Digitally signed by Deepak Madhav Manerikar DN: c=India, o=Personal, postalCode=411041, st=Maharashtra, 2.5.4.20=933c870db9d5f72716b297ab9e64232cca0649b70efac90cdd 7b8092db672d03, pseudonym=C6E81E734AC22EF887FF6F5708EE40A299BD4021, serialNumber=6CF6EE3C3849045F5EB2572E97384BB2A8F3074B28A8 003C5B1F7E8E71DBF2AF, cn=Deepak Madhav Manerikar Date: 2021.08.02 18:11:46 +05'30'

Deepak Manerikar Company Secretary

Shree Renuka Sugars Limited

Corporate Office : 7th Floor • Devchand House • Shiv Sagar Estate • Dr. Annie Besant Road • Worli Mumbai 400 018 • Maharashtra • India P +91 22 2497 7744/4001 1400 F +91 22 2497 7747 E info@renukasugars.com

Registered Office : 2nd / 3rd Floor, Kanakshree Arcade, CTS No. 10634, JNMC Road, Nehru Nagar, Po: Belagavi‐ 590 010 • Karnataka • India P +91 831 2404000 F +91 831 2404961

W www.renukasugars.com • Corporate Identification No.: L01542KA1995PLC019046