Objective :
The Net Proceeds of the Fresh Issue, i.e., Gross Proceeds of the Fresh Issue less the offer expenses apportioned to ourCompany are proposed to be utilised in the following manner:1. Repayment and/or pre-payment, in full, of the borrowing availed by our Company with respect to purchase of our Noida factory including land and building;2. Funding the capital expenditure requirements towards refurbishment, civil and upgradation works at our Noida factory;3. Funding the capital expenditure requirement towards IT upgradation at our Noida factory, Vasai factory and our registered office;4. Funding working capital requirements of our Company;5. General Corporate Purposes