Torrent Power Limited — Others, 04-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Torrent Power Limited has confirmed that for the quarter ended December 31, 2024, there were no deviations in the utilization of funds raised through a Qualified Institutional Placement (QIP) totaling ₹3,500 crore on December 5, 2024. The Audit Committee reviewed the funds' allocation, confirming no modifications to the original purpose. The proceeds primarily support repayment of outstanding borrowings, general corporate purposes, and issue-related expenses. This clarity maintains a stable outlook for shareholders, indicating effective fund management without unexpected changes in strategy or risk exposure.