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

Vardhman Polytex Limited has announced a board meeting to review the statement of deviation in the usage of funds raised through preferential and rights issues for the quarter ended December 2024. There has been no deviation or variation in the fund usage, as confirmed by the Audit Committee.

This update reflects strong financial governance and effective fund management, which enhances the company's financial health. Such transparency is likely to foster confidence among investors, presenting a positive outlook as the company continues to adhere to its strategic objectives without changing its original plans.