| 1 | Funding certain capital expenditure of the Company. | ₹89.86 Cr |
| 2 | Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for funding the setting up of new manufacturing units at Karnal, Haryana. | ₹272.76 Cr |
| 3 | Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company. | ₹280.00 Cr |
| 4 | Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar. | ₹31.00 Cr |
| 5 | General Corporate Purposes | ₹167.90 Cr |
| 6 | Issue Expenses | ₹75.54 Cr |
| 7 | Total | ₹917.05 Cr |
