GRM Overseas Limited — Others, 13-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

GRM Overseas Limited confirms that there was no deviation in the use of funds raised through the preferential issue of convertible warrants during the quarter ended December 31, 2024. A total of ₹34.01 crore was raised, which remains aligned with the intended purposes outlined in the offer document. The Audit Committee has also reviewed this statement, ensuring compliance with internal oversight processes.

This clarity in fund utilization is likely to reinforce investor confidence, highlighting the company's transparency and adherence to its commitments. It fosters a positive outlook for shareholders, as the absence of discrepancies may mitigate risks associated with financial management practices.