Tirupati Forge Limited — Capital/Financing Update 2021

Nov 13, 2021

Works & Regd. Office: Survey No. 92/1, Nr. Shan Cement. Hadamtala Industrial Area, N.H. - 27, Vill.: Hadamtala, Tal.: Kotdasangani, Dist. Rajkot - 360 311. (Gujarat)

Tele. $\div$ +91 - 2827-270512 E-mail: info@tirupatiforge.com Web : www.tirupatiforge.com CIN No. L27320GJ2012PLC071594

November 13, 2021

To, Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G - Block. Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

Dear Sir/Madam,

Symbol: TIRUPATIFL

Sub: Statement of Deviation(s) or Variation(s) for the quarter ended September 30, 2021 under Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Pursuant to Regulation 32 of Listing Regulations read with SEBI Circular No. CIR/CFD/CMDL/162/2019 dated December 24, 2019, please find enclosed herewith a "Statement of deviation or variation" in the utilization of funds raised through Preferential Issue, for the quarter ended September 30, 2021.

The statement, which has been reviewed by the Audit Committee, confirms that there has been no deviation in the utilization of funds raised through Preferential Issue from the objects.

Kindly take the same on your record and oblige.

Thanking You,

Yours Faithfully,

For, TIRUPATI FORGE LIMITED

7m molify

Vivek M. Moliya Company Secretary & Compliance Officer

Encl.: As Above

Statement of Deviation / Variation in utilisation of funds raised
Name of listed entity			TIRUAPTI FORGE LIMITED
Mode of Fund Raising			Preferential Issues[convertible warrants]
Date of Raising Funds			08/04/2019
Amount Raised			$5,34,60,000/-$
Report filed for Quarter ended			September 30, 2021
Monitoring Agency			N.A.
Monitoring Agency Name, if applicable			N.A.
Is there a Deviation / Variation in use of funds raised			No
If yes, whether the same is pursuant to change in terms ofa contract or objects, which was approved by theshareholders			N.A.
If Yes, Date of shareholder Approval			N.A.
Explanation for the Deviation / Variation			N.A.
Comments of the Audit Committee after review			N.A.
Comments of the auditors, if any			N.A.
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object	ModifiedObject,if any	OriginalAllocation	Modifiedallocation, ifany	FundsUtilized	Amount ofDeviation/Variations orQuarteraccordingtoapplicableobject	Remarks ifany
ShortTermandTermLongWorking Capital Requirement andfuturesupportbusinesstoexpansions Plans	N.A.	5,34,60,000	N.A.	4,14,60,000	N.A.	No Deviation

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

For, Tirupati Forge Limited

Atul L. Natu Chief Financial Officer

* Amount unutilized lying in the Fixed Deposits of Ashish Credit Co-operative Society Ltd.