Pearl Global Industries Limited — Others, 11-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Pearl Global Industries Limited has announced a board meeting to discuss the statement of deviation in the utilization of funds raised through a Qualified Institutional Placement (QIP) for the quarter ended December 31, 2024. The company raised INR 149.50 crore through the QIP, with no deviations reported in fund usage. The funds were primarily allocated for working capital and debt repayment, with specific amounts utilized effectively. This update reflects strong governance and effective fund management, likely fostering a positive outlook among investors regarding the company’s operational efficiency and financial health.