HFCL Limited — Others, 03-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

HFCL has announced a board meeting to review the utilization of funds raised through a Qualified Institutions Placement (QIP), totaling approximately ₹352 crores. The Audit Committee confirmed that there were no deviations or variations in the use of these funds as per the original allocation during the quarter ended December 31, 2024. This update reflects the company's adherence to its financial strategy and governance practices, bolstering transparency and investor confidence. The news may position HFCL favorably among investors, offering a positive outlook on its financial management and operational integrity.