Ester Industries Limited — Others, 05-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Ester Industries Ltd. has confirmed that there was no deviation in the use of funds raised through its preferential issue completed on 13th November 2024, totaling ₹174.99 crore. The company’s Audit Committee reviewed and approved a statement indicating that all funds were utilized as per the initially outlined objectives. This update reflects operational consistency and effective financial governance, likely reassuring investors of the company's adherence to its stated plans. The positive outlook stems from efficient fund management, aiming to support growth without any unexpected diversions.