The Net Proceeds from the Fresh Issue will be utilized towards the following objects:1.Repayment of loans availed by our Company and one of our Subsidiaries, EPHL, which were utilized towards funding the acquisition of Chhaya
2. Repayment/prepayment, in full or in part, of certain loans availed of by our Company and certain of our Subsidiaries, VPHPL and NSHPL3. General corporate purposes (collectively, the ?Objects?).