Tilaknagar Industries Ltd — Capital/Financing Update 2023

Nov 2, 2023

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November 02, 2023

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai 400001 Scrip Code : 507205

To,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051. Symbol : TI

Sub : Statement of Deviation or variation for the quarter ended September 30, 2023 under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

We are enclosing herewith the Statement of Deviation or Variation for the quarter ended September 30, 2023 pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as approved by the Audit Committee of the Board of Directors of the Company at its Meeting held on November 02, 2023.

We hereby confirm there is nil deviation for the quarter ended September 30, 2023.

We request you to kindly take the above on your record.

Thanking you,

Yours faithfully,

For Tilaknagar Industries Ltd.

ABHINA Digitally signed by ABHINAV GUPTA V GUPTA Date: 2023.11.02 19:29:54 +05'30'

Abhinav Gupta Chief Financial Officer

Encl: as above

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Statement of Deviation / Variation in utilisation of funds raised as on Sept 30, 2023

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Name of listed entity Tilaknagar Industries Ltd
Mode of Fund Raising Preferential Issue
Date of Raising Funds December 2021, February 2022,
March 2022, June 2022, July
2022, Sept 2022, Dec 2022, Jan
2023, May 2023, June 2023.
Amount Raised A) Rs 126 crores against
Preferential Issue of Nov 2021
B) Rs 85 crores against
Preferential Issue of June 2022
C) Rs 100.00 crores against
Preferential Issue of Dec 2002
Report filed for quarter ended Sept 2023
Monitoring Agency Not applicable
Monitoring Agency Name, if NA
applicable
Is there a Deviation / Variation in No
use of funds raised
If yes, whether the same is NA
pursuant to change in terms of a
contract or objects, which was
approved
by the shareholders
If Yes, Date of shareholder NA
Approval
Explanation for the Deviation / NA
Variation
Comments of the Audit -
Committee after review
Comments of the auditors, if any -
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Original Object Modified Original Modified Funds Amount of Remar
Object, if any Allocation allocation, if Utilised Deviation/ ks if
any Variation any
(Cumulative) (Cumulative) (Cumulative) for the
quarter
according
to applicable
object
Rs in crores Rs in crores Rs in crores Rs in crores
1.Fund business No deviation 12.07 No deviation
growth, capital from original
expenditure and object
other strategic
initiatives
2 Augment No deviation 62.36 No deviation
working capital from original
needs of the object
Company
3. Repay debt No deviation 193.17 No deviation
from original
object
4. For general No deviation 7.41 No deviation
corporate purposes from original
object
Total 311.00 311.00 275.01
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
ABHINA Digitally signed by ABHINAV GUPTA
V GUPTA Date: 2023.11.02 19:35:18 +05'30'
Name of Signatory Abhinav Gupta
Designation Chief Financial Officer
Dated November 02, 2023
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