| 1 | Funding capital expenditure towards setting up of a manufacturing facility of the Company by purchase of land, building of factory shed, civil work and installation of additional plant and machinery therein | 16.58 |
| 2 | Investment in Subsidiary, Metalurgica India Pvt.Ltd. for financing its capital expenditure towards purchase of land, building of factory shed, civil work and installation of additional plant and machinery therein | 27.90 |
| 3 | To meet working capital requirements | 20.00 |
| 4 | General Corporate Purposes | 8.35 |
| 5 | Issue Expenses | 9.20 |
| 6 | Total | 82.02 |
