Piramal Enterprises Limited

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1 I~ Piramal 3 I si July, 218 BSE Limited J st Floor, New Trading Wing, Rotunda Aldg. P.J Towers. Dalal Street, Mumbai- 4 I National Stock Exchange India Ltd. Plot o. C-1, G Block, Exchange Plaza Floor. Bandra- Kurla Complex. Mumbai Dear Sir/Madam, Ref: BSE Security Code: 532, NSE Symbol: PEL Sub: Report for the ended 3 th Jun;e, 218 Pursuant to the Regulation 32(6) Securities and Exchange ~oard India (Listing Obligations and Disclosure Requirements) Regulations, 215 read with Regulation I 6(4) the Securities and Exchange Board India (Issue Capital and Disclosure Requirements) Regulations, 29, please -find enclosed herewith Report for the ended 3 1 h June, 218 issued by Limited. appointed to monitor utilisation proceeds the Rights Iss ue the Company. Further, we hereby confirm that there has been no deviation in the utilisation or Rights Issue proceeds from the Objects as stated in the Letter Offer dated I si February 218. Request you to please take the above on record and oblige. Thanking you, Yours truly, I Enterprises Limited Leo oar souza Company Secretary Piramal Enterprises Limited CIN : L2411MH1947PLC5719 Registered Office: Piramal Ananta, Agastya Corporate Park, Opp Fire Brigade, Kamani Junction, LBS Mag, Kurla (West), Mumbai 4 7 India Secretarial Dept : Ground Floor, B Block, Agastya Corporate Park, Opp. Fire Brigade, Kamani Junction, LBS Marg, Kurla (West), Mumbai, Maharashtra 47, India T /383/313 f p,ramal corn

2 e kotak Schedule IX Report ME OF MONITORING AGENCY: Ltd MONITORING REPORT FOR THE QUARTERLY ENDED: 3 th June 218 (1) Name the Issuer: Piramal Enterprises Ltd a) Deviations from the objects: ne b) Range Deviation: Declaration: I/We hereby declare that this report is based on the format as prescribed by SEBI (ICDR) Regulations, 29, as amended. I/We further declare that this report provides true and fair view the utilization issue proceeds. I/We declare that we do not hove any direct I indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict interest in such relationship I interest while monitoring and reporting the utilization issue proceeds by the issuer. Signature: Designation Authorized p on igning Authority: Senior Vice President Seal the : Date: July i1, 218 Ltd. ON L6511MH1985PLC38 l37 3rd Roor, 27BKC. Plot.C-27 G-Blod(. Sandra Kur1a Complex Sandra (f). Mumbai India T com Registered Office: 27 BKC. C 27, G Block, Bandra Kurla Complex, Sandra (E), Mumbai 451, Maharashtra. India.

3 otak~ 1. Issuer Details '_,/ Name the Issuer Piramal Enterprises Ltd The name the promoter the issuer as per LOF Industry/sector to which it belongs Mr. Ajay G. Piramal - "'.., I.\.. 111'\'...,,~.. " -.JJf Ol r.,.tt, "'I """' E.~'--- Pharmaceuticals 2. Issue Details Issue Period: 12 th February, 218 to 26 th February, 218 Type Issue : Rights Issue Type specified securities : Equity Shares Grading: Issue Size: er. 3. Details the arrangement made to ensure the monitoring issue proceeds: (Give item by item description for all the objects stated in fer document separately in the following manner) Particulars Investment in Piramal Finance Limited Reply General corporate pu rposes{including issue expenses) Monitori Board Board / / Whether means f inance for disclosed objects the Issue has changed? / Any major deviation observed over the earlier monitoring agency reports? / / / / / / Whether all the utilization is as per disclosure in Offer Document? Whether Shareholder approval is obtained in case material deviations from expendit ures disclosed in Offer Document? Whether all Government/ Statutory approva Is related to the object(s) obtai ned? Whether all arrangements pertaining to technical assistance/collaboration in operation? Any favorable events improving object(s) viability Any unfavorab le events affecting object(s) viability Any other relevant information that may materially affect the decision making the investors a) b) Repayment or prepayment, in full or in part, certain borrowings ng # Deviation in the objects or purposes for which the funds have been raised Deviation in the amount fund actually utilized by more than 1% the amount projected in the fer documents Board

4 4. Details object{sl to be monitored: Cost obj ect( s): ".Surt... lt'"' Sr. Item Head Original Revised Comments Cost (As per fer cost in CR. document) Comments Board i n CR. Investment in Pira mal 1 Finance Limited 2 Repayment or pre-payment, in full or in part, certain Reason Proposed Particulars firm Cost financing arrangements revision option made 75. 1, borrowings 3 General corporate purposes(including issue expenses) 5. Progress in the object(slitem Head Sr. N Utilized as proposed in Offer Documen t As at Beginning During the the the At the end Total Comments unutilized Comments Board Reason idle Propose Course funds Action June Investment in 2 Piramal Finance Limited Repayment or pre-payment, in full or in , ** 26.92*** * part, certa in borrowings ~ General corporate purposes (includi ng issue expenses) Total *Out total issue size Rs.1, crores, Rs crores pertains to 797,748 Rights Equity shares which are reserved for CCD Holders in terms Regulation 53 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 215 & 26,953 Rights Equity Shares which are kept in abeyance. "* Excludes Interest Income (net TDS ) received from fixed deposits placed w ith banks which was utilized for general corporate purposes amounting to Rs 1.39 Crores Excludes Interest Income (net TDS ) received from fixed deposits placed with banks which was utilized for general corporate purposes amounting to Rs 1.53 Crores. # Excludes Interest Income {net TDS ) received from fixed deposits placed with banks wh ich was utilized for general corporate purposes amounting to Rs 2.92 Crores (1.39 Cr Cr). 6. Deployment unutilized Rights is sue proceeds- Sr. Type i nstrument where amount invested i nvested Maturity date Earnings Return (Pre- Investment TaK) (ROI%) on Market Value as at the end

5 kota 7. Delay in implementation the object(s) '.. Sr. Object(s) Completion Date Delay (no Comments Siarf9f.'Jj'Jr~ctors Name months/day).,..<,l"su11qlf:j.-(p-v ' I As per Offer Actual Reason delay Proposed Course Document Action

fto..ew. ~)C~ Avenue Superrnarts Limited July 30, 2018

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