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

Genus Power Infrastructures Limited has confirmed that there are no deviations in the utilization of funds raised through a preferential issue for the quarter ended December 31, 2024. The company utilized INR 20 Crore for General Corporate Purposes, slightly exceeding the originally proposed INR 19 Crore. This adjustment aligns with the stated guidelines, allowing for a 10% variance based on future circumstances.

This update signals prudent fund management, reinforcing investor confidence. It reflects a stable financial strategy while potentially enhancing operational capacity in smart meter manufacturing and other related services. Overall, the news may deliver a positive outlook for investor sentiment.