Registered Office: B-1, Yashkamal, Tithal Road, Valsad, Gujarat-396 001, India I Web: www.maximaaqroup.com

For Maximaa Systems Ltd

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Yours faithfully,

Thanking You,

You are requested to take the above information on record and oblige.

Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Please find enclosed herewith the statement showing deviation or variation of preferential issue proceeds for the quarter ended on 31st December, 2019.

Respected Sir I Madam,

Sub: Statement of Deviation or Variation of Preferential Issue proceeds for the Quarter ended on 31st December, 2019:

Scrip Code: 526538

To, The Listing and Compliance, The Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. Email: corp.relations@bseindia.com

Date: 14th February, 2020

~~ .!l MAXIMAA --:, ,. MAXIMAA SYSTEMS LTD. CIN No. L27100GJ1990PLC014129 115, B Wing, Western Edge-2, Western Express Highway, Borivali (East), Mumbai-400066. PH: +91 22 6243 8100 / 6243 8125 Website: www.maximaaqroup.com

Registered Office: B-1, Yashkamal, Tithal Road, Valsad-396001, Gujarat, India I Web: www.maximaaqroup.com

For Maximaa Systems Limite~- ,/;:,::; __ -:' __ ~;,.-~ ,/; ~'::~'-: :;;--~ n-»: -~,---;--\' "'-.,, • ./ \ ,°" .. 5:~:i(.' ''f\(1) . Jp-,' ,,:' . ,.·. ~- ('"'

Mr. ManoJ Shah '(\?~0~ _.,/":I · Chairman and Managing Direl~r ~;y DIN: 00017594 ~~~

Yours faithfully

Original Object Modified Original Allocation Modified Funds Utilised Amount of Re mar Object, if allocation, Deviation/Var ks if any if any iation for the any

quarter according to applicable object

In order to meet NA Funding of Working NA Rs. 6,11,73,750/- NIL - with its long Capital Requirements: term working Rs. 6,11,73,750/- capital requirements.

Statement of Deviation I Variation in utilisation of funds raised:

In order to meet with its long term working capital requirements. There is no deviation I variation in use of funds raised.

Objects for which funds have been raised and where there has been a deviation, in the following table

NIL Comments of the auditors, if any not applicable Comments of the Audit Committee after review not applicable Explanation for the Deviation/ Variation not applicable If Yes, Date of shareholder Approval

not applicable If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders

¥€5/ No Is there a Deviation/ Variation in use of funds raised not applicable Monitoring Agency Name, if applicable applicable I not applicable Monitoring Agency 31.12.2019 Report filed for Quarter ended· Rs. 6,11,73,750/- Amount Raised 2Jth July, 2018 Date of Raising Funds

Public Issues I Rights Issues/ Preferential Issues / Qui/~

Mode of Fund Raising MAXIMAA SYSTEMS LIMITED Name of listed entity

.\ \:!' ;:l MAXIMAA -:,,. MAXIMAA SYSTEMS LTD.

CIN No. l27100GJ1990PLC014129 115, B Wing, Western Edge - 2, W.E. Highway, Borivali {East), Mumbai - 400066, Maharashtra. PH: +91 22 6243 8100 / 8124 Website: www.maximaaqroup.com