Nupur Recyclers Limited — Others, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Nupur Recyclers Limited has announced a board meeting to review the Statement of Deviation in the utilization of funds from its recent preferential issue of equity and convertible warrants. For the quarter ending December 31, 2024, the company confirmed no deviations in fund usage from the raised amount of Rs. 737.1 crore, with Rs. 184.27 crore drawn down. The capital raised is designated for working capital, subsidiary investments, and general corporate purposes. This positive update reinforces the company's financial integrity, which may bolster investor confidence amid ongoing operational activities.