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

Poly Medicure Limited has announced a board meeting to review fund utilization from its Qualified Institutional Placement (QIP). The company raised approximately Rs 99,999.98 cr by allotting 5,319,148 equity shares at Rs 1,880 each. The Audit Committee confirmed that there is no deviation in fund usage for the quarter ended December 31, 2024, as all proceeds have been utilized according to the identified objectives in the placement documents. This assurance of proper fund utilization may bolster investor confidence and suggest effective management practices, mitigating potential risks associated with fund misallocation.