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

CARYSIL has confirmed that there is no deviation in the utilization of funds raised through its Qualified Institutional Placement (QIP), amounting to ₹125 crore. This statement, reviewed by the Audit Committee, reaffirms that the funds are being used as originally intended for capital expenditures and working capital requirements. The company maintains transparency in its financial management, positively reflecting on its governance practices. This news may enhance investor confidence, signaling effective fund management and a commitment to strategic growth without deviations that could introduce risk.