Sanghvi Brands Ltd

In terms of Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are enclosing herewith a statement of Utilization of issue proceeds for the half-year ended 31st March 2023 as reviewed by Audit Committee at its meeting held on 26th May 2023 You are requested to kindly take the same on your records.