Precision Camshafts Limited f--s

FRECIS'ON Works : D-5,D-6

(100% EOU Division)
,7 ,7 -1 ,l,ll lD C, Chincholi, Solapur4l3
255 w
Date: 13th February 2OL7

Sec/Feb/SE/N&B / O2_2OL7

BSE Limited, The National Stock Exchange of India Ltd.

Exchange Plaza, Bandra kurla Complex.
Phiroze leejeebhoy Towers, Bandra (E) Mumbai 400051
Dalal Street, Mumbai - 400001 (Code- PRECAM)
(Code-539636)

Sub: Statement of deviation(s) or variation(s) in use of Public Issue proceeds for

the period ended December 31d, 2O16 and statement of Utilisation of Public fssue
proceeds

Dear Sir,

This has reference to Reg. 32 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations,2015.

In connection with above, please note that, for the period ended December 31st, 2016, there
is no deviation in the use of Initial Pubic Issue proceeds. We enclose herewith Statement of
utilization of Initial Public Issue Proceeds as on December 31't, 2016 duly reviewed by the
Audit Committee, in its meeting held on 13th February, 2017.

Please acknowledge and take the same on record.

Thanking you,
Yours Truly,

For Precision Camshafts Limited

o A ir s
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navindrE-=--n:oshi
Director & CFO
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+91.9168646531/32t33.Fax.,g1 .217.2357645.e.mai1 : info@pclindia.in .website:www.pclLndia in

Phone
Regd.Officee-lO2ll03M.l.D.C.,AkkalkotRoad,Solapur-413006'ClN-124231PN1992P1C067126
 Precision Camshafts Limited f-s
PREC'''ON
(100% EOU Division)
Works : D-5,D-6 ,7,7-1, M lD C, Chincholi, Solapur4l3 255 w
Statement of deviation(s) or variation(s) for the period ended 31, December 2O16

Rs. In Lakh
Sr. Particulars Objects of Totat amount Amount
No. the offer Spent / recovered pending
as per the Utilization from Utilization
prospectus Upto shareholders
December
31,2016
1 Establishment of a 20,000 4,320 15,680
machine shop for
ductile iron camshafts
at the EOU unit
2 Offer related expenses t,3t4 2,304 989 (0.00)
3 General Corporate 2,686 2,686
Purposes
4 Amount recovered
from the Shareholders
towards offer related
expenses
Total 24,OOO 6,624 989 18,365

Unspent amount is kept in fixed deposit with Banks:

Rs. In Lakh
Particulars Amount
Fixed deposits with banks L7 ,846
Amount Available at Current Account of
Company
518.70
Total 18,365

There is no deviation in uses of proceeds from objects stated in the offer documents.

For Precision Camshafts Limited

CAM .s
o
Ravind (/)
Joshi -..\
Director & CFO o SOLAPUR c/)
uJ,

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phone: +91-9168646531/32133 .Fax:91 -217-2357645 .e-mail :info@pclindia.in .Website:www.pclindia.in

Regd. oflice E-l021103 M.l.D.C., Akkalkot Road, solapu14l3 006. clN-124231 PN 1S92P1C067126