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

Ruchi Infrastructure Limited reported the successful completion of its preferential issue of 3,07,85,000 convertible warrants, raising a total of Rs. 31.71 Crore by December 31, 2024. All proceeds from the warrant subscriptions and conversions have been utilized as planned, with no deviations noted during the review period. This transparency in fund utilization could enhance investor confidence, reflecting the company’s commitment to operational integrity. The audit committee also confirmed no variations in fund usage, which may contribute to a positive outlook among retail investors.