Urja Global Limited — Capital/Financing Update 2021

Jun 4, 2021

Date: 04th June, 2021

To The Manager (Listing) Bombay Stock Exchange Limited PhirozeJeejeebhoy Towers 25th Floor, Dalal Street Mumbai - 400001

To The Manager (Listing) National Stock Exchange of India Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra(E), Mumbai-400051

BSE Scrip Code- 526987 Ref: NSE Symbol -URJA

Subject: Statement on deviation or variation in the utilization of funds raised through Rights Issue

Dear Sir/Madam

Pursuant to the provisions of Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24th December, 2019, we, hereby, confirm that there is no deviation or variation in the use of the proceeds of the Rights Issue from the objects stated in the Letter of Offer dated 08th January, 2021. The statement in the prescribed format reviewed by the Audit Committee at its meeting and by the Board in their meeting held on 31st May, 2021 is attached. During the quarter ended on 31st March, 2021, the proceeds of the Rights Issue have been utilized for the objects as stated in the Letter of Offer dated 08th January, 2021.

Kindly take the information on your records.

Thanking you

Yours Sincerely

For URJA GLOBAL LIMITED

NEHA SHUKLA Company Secretary

STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED

Nameof listedentity	Urja Global Limited
ModeofFundRaising	RightsIssues
DateofRaisingFunds	22nd February, 2021
AmountRaised	Rs. 6,25,00,000
Reportfiledfor Quarterended	31st March, 2021
MonitoringAgency	NotApplicable
MonitoringAgencyName,ifapplicable	NotApplicable
Isthere aDeviation/Variationinuseoffundsraised	No
If yes, whether the same is pursuant tochange in	NotApplicable
termsofacontractorobjects,whichwasapproved
bytheshareholders
IfYes,Date of shareholderApproval	NotApplicable
ExplanationfortheDeviation/Variation	NotApplicable
CommentsoftheAuditCommitteeafter review	NotApplicable
Commentsoftheauditors,ifany	NotApplicable

Objects for which funds have been raised and where there has been a deviation, in the following table

OriginalObject	ModifiedObject,ifany	OriginalAllocation(Rs. Lakhs)	Modifiedallocation,ifany	FundsUtilized(Rs. Lakhs)	Amount ofDeviation/Variationforthequarteraccordingtoapplicableobject	Remarksifany
To augment theexisting andincrementalWorking Capitalrequirement of ourCompany.	NotApplicable	2,000.00	NotApplicable	430.00	NIL	NIL
(Less) Adjustmentof unsecured loansagainst theentitlement ofpromoter	NotApplicable	(259.00)	NotApplicable	(161.00)	NIL	NIL
General CorporatePurpose	NotApplicable	191.00	NotApplicable	-	NIL	NIL

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

Note:

The company has allotted 5,00,00,000 shares of Rs. 5 each (Rs. 1 as face value of shares and Rs. 4 as premium) on 22nd February, 2021 and raised Rs. 6,25,00,000. The amount payable on Application was Rs. 1.25 per share (Rs. 0.25 as face value of shares and Rs. 1 as premium). The company will call the remaining amount of Rs. 3.75 as and when decided by the Board in their Board meeting

For URJA GLOBAL LIMITED

______________________________

DHEERAJ KUMAR SHISHODIA Managing Director