Western Carriers (India) Limited — Others, 07-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Western Carriers (India) Limited has confirmed that there was no deviation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended December 31, 2024. This information was reviewed by the Audit Committee and acknowledged by the Board during their meetings. The total amount raised was ₹4,928.80 million, with ₹4,000 million from a fresh issue. The assurance of adhering to the intended use of funds is expected to bolster investor confidence, supporting a positive outlook for the company’s governance and financial management.