The Net Proceeds of the Fresh Issue, i.e., Gross Proceeds of the Fresh Issue less the offer expenses apportioned to ourCompany are proposed to be utilised in the following manner:1. Repayment and/or pre-payment, in full, of the borrowing availed by our Company with respect to purchase of our Noida factory including land and building 2. Funding the capital expenditure requirements towards refurbishment, civil and upgradation works at our Noida factory 3. Funding the capital expenditure requirement towards IT upgradation at our Noida factory, Vasai factory and our registered office 4. Funding working capital requirements of our Company 5. General Corporate Purposes