Tilaknagar Industries Ltd — Regulatory Filings 2023

Aug 8, 2023

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August 08, 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 June 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 June 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 August 08, 2023.

We hereby confirm there is nil deviation for the quarter ended June 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: 2023.08.08 21:24:11 +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 June 30, 2023

June 30, 2023
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 2002
Report filed for quarter ended	June 2023
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				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			311.00	311.00		228.99
	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: 2023.08.08 21:23:49 +05'30'
	**Name of Signatory **				Abhinav Gupta
	Designation				Chief FinancialOfficer
	Dated				August 08,2023