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

Hariom Pipe Industries Limited has announced a board meeting to confirm that there were no deviations in the utilization of funds raised through a preferential issue during the quarter ended December 31, 2024. A total of ₹190.20 crore was raised, and the proceeds, primarily for working capital, have been fully utilized as intended. This clarity on fund utilization may enhance shareholder confidence regarding the company's financial management practices. Overall, this update suggests a positive outlook as it indicates adherence to strategic funding objectives, solidifying trust among investors.