| 1 | Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment | 10.00 |
| 2 | Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company and investment in wholly owned Material Subsidiary, S2 Engineering Industry Pvt.Ltd., for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Pvt.Ltd., from banks and financial institutions | 130.00 |
| 3 | Investment in wholly owned Material Subsidiary, S2 Engineering Industry Pvt.Ltd., for funding its capital expenditure requirements towards purchase of machinery and equipment | 30.00 |
| 4 | Funding inorganic growth through strategic investments and/or acquisitions | 20.00 |
| 5 | General Corporate Purposes | 3.43 |
| 6 | Issue Expenses | 32.36 |
| 7 | Total | 225.79 |
