The Grob Tea Company Limited — Others, 13-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

The Grob Tea Company Limited has confirmed that there have been no deviations or variations in the use of proceeds from its Initial Public Offer (IPO) for the quarter ended 31st December 2024. The funds have been utilized as outlined in the prospectus, allowing the company to maintain compliance and transparency regarding its financial practices. This clarity can foster a positive outlook among investors, reinforcing confidence in the management’s adherence to project allocations and enhancing its governance profile while mitigating potential risks associated with fund mismanagement.