Objects of the Fresh IssueOur Company proposes to utilise the Net Proceeds towards funding the following objects:1. Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company
2. Setting up a unit for manufacturing of LED TVs at the Tirupati Facility
3. Enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun IFacility
4. Upgradation of the information technology infrastructure of our Company
and5. General corporate purposes