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

Diffusion Engineers Limited has announced a board meeting to review the Statement of Deviation in fund utilization for the quarter ended December 31, 2024. The report confirms that there has been no deviation or variation in the usage of proceeds from the Initial Public Offer, which raised ₹1,579.64 million. The Audit Committee confirmed this assessment, noting that the funds allocated for capital expenditures and working capital requirements are on track. This update may foster a positive outlook among investors, signaling strong governance and adherence to capital allocation plans, thus minimizing perceived risks.