Walchandnagar Industries Limited — Others, 06-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Walchandnagar Industries has confirmed that there were no deviations in the utilization of proceeds from its recent preferential issue, raising a total of Rs. 247.59 crore, with Rs. 122.33 crore received so far. The Audit Committee's review supports this statement, affirming suitable allocations for loan repayments, capital expenditures, and working capital. This consistent fund allocation signals effective financial management, which may reinforce investor confidence. The company’s strategic use of funds for repayment and operational improvement could be perceived positively by investors, suggesting a stable outlook for its future operations.