Tilaknagar Industries Ltd — Capital/Financing Update 2023

May 16, 2023

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May 16, 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 and half year ended March 31, 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 and half year ended March 31, 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 Tuesday, May 16, 2023.

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

Thanking you,

Yours faithfully,

For Tilaknagar Industries Ltd.

Digitally signed by DIPTI VARUN DIPTI VARUN TODKAR TODKAR Date: 2023.05.16 20:25:41 +05'30'

Dipti Todkar Company Secretary

Encl: as above

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Statement of Deviation / Variation in utilisation of funds raised as on March 31, 2023

March 31, 2023
Name of listed entity	Tilaknagar IndustriesLtd
Mode of Fund Raising	Preferential Issue
Date of Raising Funds	Dec 2021, June 2022, Sept 2022, Dec 2022 and Jan 2023.
Amount Raised	A) Rs 109.37 crores against Preferential Issue of Nov 2021 B) Rs 75.25 crores against Preferential Issue of June 2022 C) Rs 100.00 crores against Preferential Issue of Dec 2002
Report filed for quarter ended	March2023
Monitoring Agency	Notapplicable
Monitoring Agency Name, if applicable	NA
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	NA
If Yes, Date of shareholder Approval	NA
Explanation for the Deviation / Variation	NA
Comments of the Audit Committee after review	-
Comments of the auditors, if any	-

Original Object	Original Object	Modified Object, if any	Original Allocation (Cumulative)	Modified allocation, if any (Cumulative)	Modified allocation, if any (Cumulative)	Funds Utilised (Cumulative)	Amount of Deviation/ Variation for the quarter according to applicable object	Remar ks if any
			Rs in crores	Rs in crores		Rs in crores	Rs in crores
1.Fund business growth, capital expenditure and other strategic initiatives		No deviation from original object				2.33	No deviation
2 Augment working capital needs of the Company		No deviation from original object				62.36	No deviation
3. Repay debt		No deviation from original object				147.15	No deviation
4. For general corporate purposes		No deviation from original object				7.41	No deviation
Total			284.62	284.62		219.25
	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
	**Name of Signatory **				Abhinav Gupta
	Designation				Chief FinancialOfficer
	Dated				May16,2023

ABHINAV Digitally signed by ABHINAV GUPTA GUPTA Date: 2023.05.16 20:28:13 +05'30'