Utilisation of Offer Proceeds

Our Board certifies that:

@

(i)

(iii)

all monies received out of the Fresh Issue shall be credited/transferred to a separate bank account other
than the bank account referred to in sub-Section (3) of Section 40 of the Companies Act, 2013;

details of all monies utilised out of the Offer shall be disclosed, and continue to be disclosed till the time
any part of the Fresh Issue proceeds remains unutilised, under an appropriate head in the balance sheet
of our Company indicating the purpose for which such monies have been utilised; and

details of all unutilised monies out of the Fresh Issue, if any shall be disclosed under an appropriate

separate head in the balance sheet indicating the form in which such unutilised monies have been
invested.

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