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

JNK India Limited has confirmed that for the quarter ended December 31, 2024, there was no deviation or variation in the utilization of funds raised through its IPO amounting to ₹300 crore. This was reviewed by the Audit Committee, affirming compliance with the intended use for working capital and general corporate purposes. The lack of deviations reflects strong governance and adherence to the stated objectives of the IPO. For investors, this stable utilization may signal a positive outlook on management's efficiency and financial discipline, potentially reinforcing confidence in the company’s strategic direction.