Race Eco Chain Limited — Others, 11-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Race Eco Chain Limited confirmed there were no deviations in the utilization of funds raised through the preferential allotment of warrants during the quarter ending December 31, 2024. The total amount raised was ₹17.20 crore, which has been used for business expansion, working capital needs, and general corporate purposes, in line with the original allocation. This assessment was reviewed by the Audit Committee and recorded at a recent board meeting. For investors, this positive outlook on fund utilization could bolster confidence in the company’s governance and financial stability.