Utilisation Of Gross Proceeds Of Fresh Issue In The Initial Public Offer Of The Equity Shares Of The Company ('IPO'), For The Quarter Ended 30 June 2018.

• Security Code: 541336
• Company: INDOSTAR

Pursuant to Regulation 32(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR'), we hereby confirm that gross proceeds of fresh issue in the IPO have been fully utilised for the objects mentioned in the prospectus dated 14 May 2018, filed with the Registrar of Companies, Maharashtra, Mumbai, registered on 15 May 2018, and accordingly there is no deviation / variation in utilisation of gross proceeds of fresh issue in the IPO.

Further, in terms of Regulation 32(6) of the SEBI LODR read with Regulation 16 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, please find enclosed herewith the Monitoring Agency Report with respect to utilization of the gross proceeds of fresh issue in the IPO for the Quarter ended 30 June 2018 issued by HDFC Bank Limited, Monitoring Agency appointed in connection with the IPO.