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

Man Industries (India) Ltd has provided a statement confirming no deviations in the utilization of funds raised through the preferential issue of convertible warrants to promoters and equity shares to non-promoters for the quarter ended December 31, 2024. The company raised ₹11.47 crore through warrants and approximately ₹170 crore through equity shares, with uses aligned with the original objectives. This clarity on fund utilization may foster a positive outlook among investors, reducing concerns around capital management and reinforcing confidence in the company's financial governance.