Pursuant to the Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that there is no deviation/ variation in the utilization of proceeds of the Preferential Issue and Qualified Institutions Placements from the objects stated as mentioned in the notice of postal ballot of Preferential Issue and Qualified Institutions Placements. Please find enclosed herewith a statement in this regard.