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

Ravindra Energy has announced a board meeting to discuss the Statement of Deviation or Variation in the utilization of funds raised through a preferential issue of equity shares, totaling approximately ₹180 crore. For the third quarter ended December 31, 2024, the company confirmed that there were no deviations in how the funds have been utilized. This reflects consistent execution of its financial strategy, ensuring transparency and adherence to shareholder expectations. Investors may view this update positively, as it indicates effective fund management without any misallocations, potentially fostering confidence in the company's governance and operational integrity.