Manaksia Coated Metals & Industries Limited — Others, 12-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Manaksia Coated Metals & Industries Limited has confirmed that there is no deviation in the utilization of funds raised through the preferential issue of 87,35,000 equity shares, which amounted to ₹11.79 crore upon the conversion of warrants. This confirmation follows a review by the Audit Committee. The funds are earmarked for business growth, working capital, debt repayment, and general corporate purposes. Investors may view this as a positive outlook, reflecting the company’s adherence to its stated objectives and effective capital management.