Ridhi Synthetics Ltd — Updates, 27-05-2025: Company Update

RIDHI SYNTHETICS LIMITED

Regd. Office: 11-B, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai - 400021

Tel. No. :022 22042554; Email add.: ridhisyntheticsltd@gmail.com

CIN : L51900MH1981PLC025265 website:www.ridhisynthetics.com

a7th May, 2025

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai — 400 001

Ref: Ridhi Synthetics Limited

Script Code — 504365, Script ID - RIDHISYN

Sub: Statement of Deviation(s) or Variation(s) under Regulation 32 of the Securities and

Exchange Board of India (Listing Obligations and Disclosure Requirements)

Regulations, 2015.

Dear Sir/Madam,

Please find enclosed herewith the Statement of Deviation(s) or Variation(s) under Regulation 32

of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)

Regulations, 2015 read with the SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December

24, 2019, for the quarter ended March 31, 2025, duly reviewed by the Audit Committee at its

meeting held on 27.05.2025.

We hereby confirm that there has been no deviation or variation in the use of proceeds of funds

raised through rights issue.

Kindly take the same on records.

Thank you.

Yours truly,

For Ridhi Synthetics Limited

Vaal

Mr. Vishal Chaturvedi

Wholetime Director

Enclosed as above

----------------Page (0) Break----------------

St

at

em

en

t

of

Deviation

/ Variation

in

utilisation

of

funds

rai

sed

[Amount

(in

R

s.)

Name

of

listed

ent

ity

Ridhi

Syn

the

tic

s

Lim

ite

d

Mo

de

of

Fu

nd

R

ais

ing

Publietssues/

Rig

hts

Issues

/ Pre

fer

ent

ial

Hss

ue

/ QP}

Oth

ers

Dat

e

of

Raising

Fu

nd

s

11.01.2022

Amount

Ra

is

ed

INR

71,20,000/-

Rep

ort

f

ile

d f

or

Qua

rte

r

en

de

d

31.

03.

202

5

Monitoring

Agency

appleable/

not

a

ppl

ica

ble

Monitoring

Agency

Na

me

,

if

applicable

ot

Applicable

Is

there

a Deviation

/ Variation

in

use

of

fun

ds

raised

¥es/

No

If yes,

whether

the

same

is

pursuant

to

ch

an

ge

i

n

terms

of

a c

ont

rac

t

or

obj

ect

s,

wh

ic

h

was

approved

by

the

sh

ar

eh

ol

de

rs

INot

Applicable

If Y

es,

D

ate

o

f shareholder

Approval

INot

Applicable

Explanation

for

the

Dev

iat

ion

/

Var

iat

ion

INot

Applicable

Co

mm

en

ts

o

f the

Audit

Committee

after

review

INot

Applicable

Comments

of

the

a

udi

tor

s,

if any

INot

Applicable

Obj

ect

s

for

which

funds

have

bee

n

rai

sed

and

where

there

has

b

een

a

dev

iat

ion

,

in

the

following

table

INet

pr

oce

ed

of

the

i

ssu

e

are

Ito

be

uti

lis

ed

to:-

Original Ob

jec

t

Modified

Object,

if any

Original Allocation

Modified allocatio n,if

any

Funds Util

ise

d

Remarks if any

Amount

of

Deviation/Variati on

for

the

quarter

according to applicable object

ii) T

o

par

t f

ina

nce

i

ncr

eme

nta

l

Working

Cap

ita

l

of

the

(Company.

Not

Applicable

ii)

To

meet

Gen

era

l

corporate

pur

pos

es

iii)

To

meet

the

exp

ens

es

of

the

Issue.

Rs. 71,20,000/-*

INot [Applicable

48,

50,

000

INIL

INIL 22,70,000/-

----------------Page (1) Break----------------

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

(¢)

Change

in

terms

of

a contract

referred

to

in

the

fund

raising

document

i.e.

prospectus,

letter

of

offer,

ete.

For

Ridhi

Synthetics

Li

mi

te

d

hr

hued

[Vishal

Chaturvedi]

[Wholetime

Director]

----------------Page (2) Break----------------