Pursuant to Regulation 32 of SEBI (LODR) Regulations 2015 and SEBI circular dated December 24, 2019 regarding the submission of a Statment of Deviation or Variation for the use of proceeds, we hereby confirm that there has been no deviation or variation in the utilisation of funds raised through the Right Issue of Equity Shares, the Preferential Issue of Equity Shares and the Convertible Warrants.