| 1 | Funding the Capital expenditure towards civil construction required for Expansion of existing manufacturing unit for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat | ₹3.87 Cr |
| 2 | Funding of Capital expenditure towards purchase of Plant and Machineries for Expansion of existing manufacturing unit for Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat | ₹23.04 Cr |
| 3 | Funding of Capital expenditure towards civil construction required for Expansion of additional magazine (Storage) facility required for Emulsion Cartridge Explosives and Detonating Fuse at the existing location situated at Felsani, Gujarat | ₹2.03 Cr |
| 4 | Purchase of Commercial Vehicle | ₹1.44 Cr |
| 5 | Repayment/prepayment of all or certain of borrowings availed of by Company | ₹18.00 Cr |
| 6 | General Corporate Purposes | ₹3.95 Cr |
| 7 | Issue Expenses | ₹7.60 Cr |
| 8 | Total | ₹59.93 Cr |
