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

Kalpataru Projects International Limited confirms no deviation in the use of proceeds from its recent Qualified Institutions Placement (QIP) of ₹999.99 crores, netting ₹982.11 crores. For the quarter ended December 31, 2024, funds were allocated as originally planned towards repayment of borrowings (₹750 crores) and general corporate purposes (₹232.11 crores), with issue-related expenses of ₹17.89 crores to be settled in the upcoming quarter. This consistency strengthens financial management and may enhance investor confidence while ensuring transparency in fund utilization. The positive outlook is supported by the timely use of raised capital for operational stability.