IRM Energy Limited — Others, 10-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

IRM Energy Limited confirms there was no deviation or variation in the utilization of IPO proceeds for the quarter ended December 31, 2024. The Audit Committee reviewed and found that all funds raised—₹5,449.96 million (net proceeds of ₹4,957.59 million)—were deployed as per the original stated objectives in the IPO prospectus. This assurance may strengthen investor confidence by demonstrating effective capital management and adherence to planned uses of funds. Overall, this clarity could foster a positive outlook among investors regarding the company's governance and operational integrity.