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

Godavari Biorefineries Limited has confirmed there was no deviation in the utilization of funds raised through its IPO, amounting to ₹325 Cr, for the quarter ended December 31, 2024. This statement, reviewed by the Audit Committee, reinforces the adherence to the original allocation outlined in the prospectus. The company’s disciplined use of funds is likely to support investor confidence, suggesting a positive outlook as it continues to align with its growth objectives without raising concerns of misallocation.