Pondy Oxides & Chemicals Limited — Others, 11-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Pondy Oxides and Chemicals Limited has confirmed that there is no deviation in the utilization of funds raised through its Qualified Institutional Placement (QIP) for the quarter ended December 31, 2024. The company successfully raised ₹174.99 crore by issuing 20,34,883 equity shares. Funds have been utilized as originally stated, including allocations for working capital and capital expenditures for a new recycling unit in Thiruvallur. This update reinforces the company's operational integrity and may bolster investor confidence, indicating a stable financial direction without any redistribution of raised capital.