PAPADMALJI AGRO FOODS LIMITED

IPO Objectives

1. Funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery and installation of 250 kW Rooftop Solar Power System for setting up a new manufacturing facility at Bachhasar, Bikaner.

2. Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks, and

3. General Corporate Purpose