JK Tyre & Industries Limited — Others, 04-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

JK Tyre & Industries has confirmed there were no deviations in the utilization of proceeds from its recent fundraising efforts for the quarter ended December 31, 2024. The company raised ₹240 crore from a preferential issue and ₹500 crore from a qualified institutional placement (QIP). Funds allocated for capital expenditure and general corporate purposes were fully utilized as intended. The positive outlook on fund management should bolster investor confidence by demonstrating prudent financial governance and strategic alignment with stated objectives, minimizing risk related to fund misallocation.