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

Nova Agritech Limited confirms no deviation or variation in the utilization of proceeds from its IPO, amounting to ₹1120 crores, for the quarter ended December 31, 2024. This statement reviewed by the Audit Committee indicates that all funds were allocated as per the objects stated in the prospectus. The firm's commitment to proper fund management boosts investor confidence, suggesting a stable financial posture with no anticipated risks. As unutilized IPO proceeds remain secured in fixed deposits, this reinforces a positive outlook for operational continuity.