General information about company
Scrip Code*	513536
NSE Symbol
MSEI Symbol
ISIN	INE207H01018
Name of the listed entity	GUJARAT NATURAL RESOURCES LIMITED

Statement of Deviation / Variation in utilisation of funds raised
Mode of Fund Raising	Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	30-12-2020
Amount Raised (in Rs. Crores)	31500000
Report filed for Quarter ended	31-12-2020
Monitoring Agency	Not applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review	It may be noted that there is no deviation in the utilization of funds raised through preferential issue
Comments of the auditors, if any

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	1.To augment long term resources of the Company for current and future expansion. 2. Funding Working capital requirements. 3. To invest in the wholly owned subsidiary of the Company – Sigma Oil and Gas Private Limited for further development of oil and gas exploration business and 4. Funding expenditure for General corporate purposes 1. To augment long term resources of the Company for current and future expansion 2. Funding Working capital requirements 3. To invest in the wholly owned subsidiary of the Company – Sigma Oil and Gas Private Limited for further development of oil and gas exploration business and 4. Funding expenditure for General corporate purposes	NA	0	0	31500000	0

Signatory Details
Name of signatory	SHALIN A. SHAH
Designation of person	Managing Director
Place	AHMEDABAD
Date	13-02-2021