VIP Clothing Limited — Others, 12-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

VIP Clothing Ltd. has confirmed that there is no deviation in the utilization of funds raised through its preferential issue for the quarter ended December 31, 2024. The total amount raised includes ₹11.84 crore from the conversion of warrants into equity shares and an additional ₹17.92 crore for business growth and working capital, both of which have been fully utilized as intended. This consistency in fund usage reinforces the company's operational stability. Investors may view this as a positive outlook, affirming management's commitment to transparency and effective capital allocation.