Pursuant to Regulation 32 of SEBI (Listing Obligation and Disclosures Requirement) 2015 and in accordance with the SEBI Circular No. CIR/CFD/CMD1/162/2019 we hereby inform that there are no deviation(s) or variation(s) in respect of utilization of proceeds of the Preferential Issue of the Company during the 4th Quarter ended on March 31, 2024 and the proceeds from issue of preferential equity shares has been fully utilized as stated in the explanatory statement.