L&T Finance Ltd

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24 2019 we hereby confirm that there is no deviation or variation in the use of proceeds of Rights Issue from the objects stated in the Letter of Offer dated January 19 2021. A Nil statement of deviation duly reviewed by the Audit Committee of the Company is enclosed as Annexure A.Further please note that 100% of the proceeds of the issue actually raised have been utilized.