The Net Proceeds of the Issue are proposed to be deployed for financing the following objects:1. To finance the capital expenditure ((herein referred to as “Object 1â€) for the following purpose:(A) Setting up of a coil manufacturing facility at Survey Number 194/2, Dantali Industrial Estate, GotaVadsar Road, Near Ahmedabad City, Taluka Kalol, District Gandhinagar, Gujarat, India – 382721(herein referred to as “Object 1Aâ€)(B) Upgradation of the existing facilities at Survey Number 227, Dantali Industrial Estate, Gota VadsarRoad, Near Ahmedabad City, Taluka Kalol, District Gandhinagar, Gujarat, India – 382721 andSurvey Number 226/126, Dantali Industrial Estate, Gota Vadsar Road, Near Ahmedabad City,Taluka Kalol, District Gandhinagar, Gujarat, India – 382721 ((herein referred to as “Object 1Bâ€)(C) Construction of an administration office at Survey Number 226/126, Dantali Industrial Estate, GotaVadsar Road, Near Ahmedabad City, Taluka Kalol, District Gandhinagar, Gujarat, India – 382721(herein referred to as “Object 1Câ€)2. Expenditure towards enhancement of our brand through brand building activities (herein referred to as“Object 2â€)3. Investment in Bharat Refrigerations Private Limited (Wholly Owned Subsidiary) for upgradation of theexisting facilities at Chennai (herein referred to as “Object 3â€)4. To meet the incremental working capital requirement (herein referred to as “Object 4â€)5. General Corporate Purposes