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

Kiri Industries Limited confirmed no deviation in the utilization of proceeds from the issuance of convertible warrants during the quarter ending December 31, 2024. A total of ₹319.36 Crore was raised, with ₹312.91 Crore already utilized for debt repayment, working capital, legal fees, and general corporate purposes, closely aligned with the original objectives outlined. This steadfast approach may positively affect investor sentiment, reinforcing confidence in the company's financial prudence and operational integrity. Overall, this consistency in fund utilization presents a stable outlook for shareholders.