Pursuant to Regulation 32(1) of SEBI (LODR) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24.12.2019. A Statement indicating deviation in utilization of proceeds raised through preferential issue during the period ended on 31.03.2024 was placed before the Audit Committee of the Company at their meeting held on Thursday, May 23, 2024 and the same is enclosed herewith for your reference.