Statement of deviation(s) or variation(s) under Reg. 32

Statement of deviation(s) or variation(s) under Reg. paid-up equity share of the Company of face value of Rs. 10/- each at a price of Rs. 431/- each.

Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.

• Who the allottees are
• Issue price versus market price
• Lock-in period on the new shares