Pursuant to Regulation 32 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, we hereby confirm that there is no deviation orvariation in the use of proceeds, from the objects stated in the Letter of Offer forRights Issue of the Company, dated May 15, 2020. A statement confirming thatthere is no deviation or variation in the utilisation of these proceeds, duly reviewedby the Audit Committee, is attached.
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