Lokesh Machines Limited — Others, 14-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Lokesh Machines Limited has confirmed that for the quarter ended December 31, 2024, there was no deviation in the use of funds raised from the issuance of equity shares and convertible warrants amounting to ₹51.07 crore. The Audit Committee reviewed the funds and noted full compliance with the stated objectives. This affirmation signifies prudent financial management, which could enhance investor confidence. Given these consolidated assurances, the outlook remains stable, and the absence of issues related to fund utilization suggests a positive trajectory for the company’s governance and operational integrity.