Vaswani Industries Limited — Others, 16-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Vaswani Industries Limited has confirmed there is no deviation or variation in the utilization of proceeds from its recent preferential issue, where it raised ₹6.99 crore for the development of a 30 MW solar power plant. The funds have been used as originally stated, according to the report for the quarter ended December 31, 2024.

This positive update may enhance investor confidence, signaling effective fund management and adherence to strategic goals. By maintaining alignment with its original objectives, the company positions itself favorably for future growth opportunities in renewable energy.