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Date: 23rd May, 2025
To,
BSE Limited,
P.J. Towers, Dalal Street,
Mumbai – 400 001
Scrip Code – 543745
Dear Sir/Madam,
Sub.: Statement of Deviation or Variation under Regulation 32(1) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 read with
applicable SEBI Circular
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please note that there is no deviation / variation in
the utilization of proceeds as per the objects stated in the Prospectus dated February
15, 2023 for Initial Public Offerings (“IPO”) of the Company.
We enclose herewith the Statement of Deviation or Variation for the half year ended 31st
March, 2025 as reviewed by the Audit Committee and taken on record by the Board of
Directors of the Company at their respective meetings held on 23rd May, 2025.
Kindly take the same on your record and acknowledge the receipt.
This is for your reference and record.
For, Patron Exim Limited
Narendrakumar Patel
Managing Director
DIN: 07017438
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STATEMENT OF DEVIATION / VARIATION IN UTILIZATION OF FUNDS RAISED
Name of listed entity Patron Exim Limited
Mode of Fund Raising Public Issue / Rights Issues
/ Preferential Issues / QIP /
Others
Date of Raising Funds March 01, 2023
Amount Raised (Rs. in Crores) Rs.16.68 Crores
Report filed for Quarter/Half Year ended 31th March, 2025
Monitoring Agency Applicable / Not Applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of funds raised Yes / No
If yes, whether the same is pursuant to change in terms of a
contract or objects, which was approved by the shareholders
Not Applicable
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review Not Applicable
Comments of the auditors, if Not Applicable
Objects for which funds have been raised and where there has
been a deviation, in the following table:-
Original Object Modified
Object,
if any
Original
Allocation
(Rs. in
Crores)
Modified
allocation,
if any
Funds
Utilised
(Rs. in
Crores)
Amount of
Deviation/
Variation for
the quarter
according to
applicable
object
Remarks if
any
Working Capital
requirements
NA 11.47 NA 11.47 NA -
General Corporate
Purposes
NA 3.80 NA 3.80 NA -
Issue related
expenses
NA 1.42 NA 1.18 NA -
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally
disclosed or
(c) Change in terms of a contract referred to in the fund-raising document i.e.
prospectus, letter of offer, etc.
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