Tilaknagar Industries Ltd — Capital/Financing Update 2024

Aug 12, 2024

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August 12, 2024

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal 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 June 30, 2024 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 June 30, 2024 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 today i.e. Monday, August 12, 2024.

We hereby confirm there is nil deviation for the quarter ended June 30, 2024. We further request you to note that the funds amounting to Rs. 311 crores raised through three preferential issues have been fully utilized as on June 30, 2024. Accordingly, the statement of deviation or variation of utilisation of funds shall not be applicable henceforth.

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

Thanking you,

Yours faithfully,

For Tilaknagar Industries Ltd.

MINUZEER Digitally signed by MINUZEER YAZDI YAZDI BAMBOAT Date: 2024.08.12 BAMBOAT 18:33:03 +05'30'

Minuzeer Bamboat Company Secretary & Compliance Officer Encl: as above

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Statement of Deviation / Variation in utilisation of funds raised as on June 30, 2024

June 30, 2024
Name of listed entity	Tilaknagar IndustriesLtd
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, May2023, 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 2022
Report filed for quarter ended	June, 2024
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				12.07	No deviation
2 Augment working capital needs of the Company		No deviation from original object				89.60	No deviation
3. Repay debt		No deviation from original object				201.92	No deviation
4. For general corporate purposes		No deviation from original object				7.41	No deviation
Total			311.00	311.00		311.00
	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 ABHINAV GUPTA Digitally signed by ABHINAV GUPTA Date: 2024.08.12 18:34:17 +05'30'
	**Name of Signatory **				Abhinav Gupta
	Designation				Chief FinancialOfficer
	Dated				August12, 2024