Tarmat Limited — Important, 14-02-2025: General Updates

Tarmat Limited has confirmed that there is no deviation or variation in the use of proceeds from its preferential issue of equity shares following the conversion of warrants. The funds totaling ₹22.22 crore (Cr) are allocated for long-term capital requirements, working capital needs, and debt reduction, aligning fully with the objectives outlined in the Explanatory Statement from the Extraordinary General Meeting. This consistent use of proceeds reflects a disciplined financial strategy, which should instill confidence among investors regarding the company's commitment to maintaining effective capital management.