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 no deviations in the utilization of funds raised through its preferential issue for the quarter ended December 31, 2024. The company raised Rs. 50 Crore through the issuance of equity shares and Rs. 82.50 Crore via convertible warrants, with 25% of the warrant proceeds collected. There are currently 11,93,295 unexercised warrants. The Audit Committee and auditors reported no comments regarding fund allocation, ensuring shareholder interests are maintained. This update suggests a stable financial management approach, which may foster a positive outlook among investors.