Paras Defence and Space Technologies Limited — Others, 10-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Paras Defence and Space Technologies has confirmed that there are no deviations in the utilization of funds raised through its Qualified Institutions Placement (QIP) of ₹135.182 crore for the quarter ended December 31, 2024. The funds have been utilized as per the original allocation for working capital and general corporate purposes, with a minor adjustment in offer-related expenses leading to a net revision in proceeds.

This steady fund utilization reinforces the company’s financial discipline, which could bolster investor confidence. The lack of deviations positions the firm favorably as it continues to pursue its strategic objectives without diversion of resources. Overall, this reflects a positive outlook for stakeholder interests.