| 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 Cr |
| 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 Cr |
| 3 | To meet working capital requirements | ₹20.00 Cr |
| 4 | General Corporate Purposes | ₹8.35 Cr |
| 5 | Issue Expenses | ₹9.20 Cr |
| 6 | Total | ₹82.02 Cr |
