Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements), 2015, we hereby confirm that there is no deviation and variation in the use of proceeds from the objects stated in the Letter of Offer for Rights Issue of the company dated February 14, 2023. A Statement confirming that there is no deviation or variation in the utilisation of these proceeds, duly reviewed by the Audit Committee is attached herewith for Quarter ended 30.09.2024.