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

Himatsingka Seide Limited has announced a board meeting to discuss the statement of deviation in the utilization of funds raised through its Qualified Institutions Placement (QIP) for the quarter ended December 31, 2024. The company raised ₹400 crores via this QIP on October 30, 2024, and confirmed there were no deviations or variations in the fund utilization as planned. This transparency reinforces the company's operational integrity and adherence to its financial strategy. Investors may see this as a positive outlook, reflecting disciplined financial management and a stable funding strategy.