Company Disclosure: SEBI LODR Regulation 32 Compliance Statement

First Preferential Issue (No Deviation)

  • Mode of Fund Raising: Preferential Issue of Equity Shares
  • Date of Raising Funds: March 1, 2024
  • Amount Raised: ₹324.00 million
  • Monitoring Agency: Not Applicable
  • Deviation/Variation: No
  • Original Object: For (i) capital expenditure and working capital requirements of the Company, its subsidiaries, joint ventures or associates; (ii) funding the Business expansion directly by the Company or through its subsidiaries or joint ventures or associates for the growth of existing businesses or to enter into new business in line with the strategy of the Company; and (iii) general corporate purposes of the Company.
  • Funds Utilized as on September 30, 2026: ₹324.00 million (100% of raised amount)
  • Amount of Deviation/Variation: Nil
  • Audit Committee Comments: NIL
  • Auditor Comments: NIL

Second Preferential Issue (Approved Variation)

  • Mode of Fund Raising: Preferential Issue of Equity Shares
  • Date of Raising Funds: January 12, 2024
  • Amount Raised: ₹303.50 million
  • Monitoring Agency: Not Applicable
  • Deviation/Variation: Yes
  • Variation Type: Pursuant to change in terms of objects approved by shareholders
  • Date of Shareholder Approval: September 25, 2025 (Annual General Meeting)
  • Explanation for Variation: Change in Objects of the Issue
  • Audit Committee Comments: NIL
  • Auditor Comments: NIL

Original vs Modified Objects (Second Issue)

  • Original Object: For LPG Business expansion directly by the Company or through its subsidiaries or joint ventures or associates and other general corporate business requirements.
  • Modified Object: i) establishment of Infrastructure for handling Liquids and gases including LPG and ammonia tanks; (ii) business expansion, directly or through subsidiaries, joint ventures, or associates, for growth of existing businesses and entry into new opportunities in line with the Company's strategy; (iii) capital expenditure and working capital requirements of the Company, its subsidiaries, joint ventures, or associates; and (iv) general corporate purposes.
  • Original Allocation: ₹303.50 million
  • Modified Allocation: ₹303.50 million
  • Funds Utilized as on September 30, 2026: ₹303.50 million (100% of raised amount)
  • Amount of Deviation/Variation: Nil (Despite object modification, no deviation in utilization)

Details of Preferential Share Allotments

| Date of Allotment | Number of Shares | Amount per Share (₹) | Total Amount (₹) |

| January 12, 2024 | 1,700,000 | 160 | 272,000,000 |

| January 12, 2024 | 180,000 | 175 | 31,500,000 |

| March 1, 2024 | 2,000,000 | 162 | 324,000,000 |

| Total | 3,880,000 | | 627,500,000 |

Financial Impact

Both preferential issues have been fully utilized as of September 30, 2026. The company confirms no deviation in the actual utilization of funds compared to the stated objects, including for the issue where objects were modified with shareholder approval.