LLOYDS ENGINEERING WORKS LIMITED — Others, 13-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Lloyds Engineering Works Limited has shared a Statement of Deviation for the quarter ended 31st December 2024 regarding its preferential issue, which raised ₹150 crores without any deviations in the utilization of funds. The Audit Committee and Board approved the monitoring report by India Ratings & Research, confirming no deviations from the specified objectives of the fund-raising. This clarity strengthens investor confidence, showing the company’s governance commitment and effective use of raised capital, which is expected to enhance its operational capabilities and financial health. Overall, this development indicates a positive outlook for shareholder interests.