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

Grasim Industries Limited confirms no deviations in the utilization of proceeds from its ₹3,999.80 crore Rights Issue for the quarter ended December 31, 2024. The Audit Committee's review affirmed the alignment of fund usage with the stated objectives in the Letter of Offer dated January 4, 2024. This stability suggests robust financial governance and may enhance investor confidence. With an effective deployment of funds, the outlook remains positive, presenting a reliable investment opportunity as the company continues to uphold transparency and fiscal discipline.