We hereby confirm that there is no deviation or variation in the use of proceeds, from the objects stated in the Letter of Offer for Rights Issue. A statement confirming that there is no deviation or variation in the utilization of proceeds for the Quarter ended March 31, 2025, duly reviewed by the Audit Committee isattached.The entire money raised by the Company through Rights Issue, during the Quarter ended March 31, 2025, has been utilized for the objects as stated in the Letter of Offer.Kindly take the same on your records.