Five-Star Business Finance Limited — Others, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Five-Star Business Finance Limited has confirmed that there were no deviations in the utilization of proceeds from the preferential issue of convertible share warrants during the quarter ending December 31, 2024. The company raised a total of ₹31.57 cr, having received 25% upfront, amounting to ₹7.89 cr, with the remaining 75% to be paid upon conversion of the warrants over the next 18 months. This clarity on fund usage reflects effective governance and may positively influence investor sentiment by instilling confidence in the company's financial management and strategic planning.