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

Borosil Limited has confirmed that there is no deviation in the utilization of funds raised through its Qualified Institutional Placement of ₹150 crore for the quarter ended December 31, 2024. The Audit Committee has reviewed the statement and found no comments necessary. The total net proceeds utilized remain aligned with the original objectives of repayment of loans and general corporate purposes, totaling ₹146 crore after adjusting for issue-related expenses. This transparency reinforces investor confidence, highlighting the company’s commitment to prudent financial management, which could contribute to a positive outlook among stakeholders.