Vital Chemtech Limited — Audit Report / Information 2023

May 23, 2023

Vital Chemtech Limited:

© Corporate Office:

B-406, Mondeal Heights, Opp. Karnavati Club, S.G.Highway, Ahmedabad, Gujarat, INDIA-380015.

@ Plant Address: Plot No: D-3 / 151 & 158, GIDC, Dahej III, Dist. Bharuch, Gujarat, INDIA-392 130.

• © +91-79 -4891 1925, 2970 9525
• @www.vitalgroup.co.in@info@vitalgroup.co.in
• CIN Number: U24299GJ2021PLC127538

Date: May 22, 2023

To, Listing Compliance Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra East, Mumbai - 400051

Dear Sir,

Sub: Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ref: Vital Chemtech Limited (Symbol:-VITAL, ISIN:- INE0L4K01016)

In Compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016, vide notification no. SEBI/LAD-NRO /GN/2016-17/001 dated May 25, 2016 and circular no. CIR/CFD /CMD /56/2016 dated May 27, 2016, we hereby declare that the Statutory Auditors of the Company, M/s. Abhishek Kumar & Associates, Chartered Accountants, (FRN: 130052W) have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company for the Half year and year ended March 31, 2023.

You are requested to take the same on record.

Thanking You,

Yours Faithfully,

For, Vital Chemtech Limited

by VIPUL BHATT Date: 2023.05.22 20:37:08 + 05'30'

Vipul Bhatt Chairman & Managing Director DIN: 06716658

Place: Ahmedabad

@ Corporate Office:

B-406, Mondeal Heights, Opp. KarnavatiClub, s.c.Highway, Ahmedabad, Gujarat, lN DIA-38oo1 5

@ Plant Address: Plot No: D-3 / 151 & 158, GIDC, Dahei lll, Dist. Bharuch, Gujarat, INDIA-392 130.

o +91- 79 -4891 1925,2970 952s

O www.vitalgrouP,co.in @ info@vitalgrouP.co.in

clN ilumber r U24299GJ2O2tPLC!27538

STATEMI]NT OF DE!'IATION / VARIATION IN UTILISATION OF TUNDS RAISED THROUGH PI'BLIC ISSUE, FOR TIIE HALF YEAR ENDED ItrA.RCH 2023.

Name of Listed Entity	Vital Chemtech Limited
Mode of Fund Raising	Public lssue-IPO
Date of Raising Funds	November 9, 2022 ( Trading Approval Dated November 14, 2022 received from NSE)
	(Allotrnent Made on November 9. 2022)
Amount Raised (in Rs. Crores)	Fresh Issue: Rs. 64.64l- Crores i.e. (63,99,600 Equity sharcs at a cash pric€ of Rs. l0l per equity Shares (Including a Share Premiun of Rs. 91/- Per Eouitv Share)
Report filed for Half year ended	3l'r March, 2023
Monitoring Agency	Not Applicable
Monitoring Agency Name, if Applicable	Not Applicable
Is there a Deviation/Variation in use of funds raised	No
Ifyes, whether the same is pusuant to change in terms of a contract or objects, which was approved by the shareholders	NotApplicable
IfYes, Date ofSharcholder ApFoval	Not Applicoble
Explanation for the Deviation/Variation	NotApplicable
Commetrts ofthe Audit Cornmittee after review	The Proceeds from IPO utilized for the Obiects forwhich it was rdsed
Comments ofthe auditors, if any	No Comments

Objects forwhich funds have been mised and where there has been a deviation, in the following table

Original Object	Modified Object, if any	Original Allocation*	Modified Allocltion, if any	Funds Utilised till March 31, 2023.(Approxim ate)	Amount of Deviation /Yariation for qudrter accoraing to applicable obiect t	Remarks, ifeny
l. To Meet I Working Capital Requirements	Not Applicable	l Rs. 45 Crores 2.tu 15.76 Crores	Not Applicable	l. - Rs. 20 Crores 2. Rs. 15.76		Not Applicable
2. General Corporate Pumose.				Crores

vital chemtech Limited :

@ Corporate Office:

B-406, Mondeal Heiqhts, Opp. Karnavati Club, S.G.Hi9hway, Ahmedabad, Gu jarat, I NDIA-380015.

@ Plant Address :

Plot No : D-3 / 151 61 158, GtDC, Dahej l, Dist. Bharuch, Gujarat, INDIA-392 13O.

o +91- 79 -4891 1925,2970 9525

@ www.vitalgroup.co,in @ info@vitalgroup.co.in Clt{ t{umber : U24299GJ2O21P1C127538

3. Public lssue Expenses	3. Rs 3.88 crores	3. Rs.3.88 Crcres
Deviatiotr or variation could mear:
	(a) Deviation in the objects or purpose for which the funds have been raised or
(b) Deviation in the amount offunds actually utilized as against tdhat was originally disclosed or
(c) Change in terms ofa contract referred to iD the fund r.ising document i.e. prospectus, letter ofoffer, etc.

ul '?

For, Vital Chemtech Limited

VIPUL BHATT Digitally signed by VIPUL BHATT Date: 2023.05.22 20:37:26 +05'30'

Vipul Bhatt Chairman & Managing Dir€ctor DIN;06716658

Place: Ahmedabad