LG Balakrishnan & Bros Limited — Others, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

L.G. Balakrishnan & Bros Limited has confirmed that there were no deviations in the utilization of proceeds from their preferential issue of fully convertible warrants for the quarter ended December 31, 2024. The total amount raised was ₹64.6 crore, fully utilized for the intended purposes, including investments in subsidiary LGB Steel and equipment modernization. The Audit Committee has reviewed and approved this statement, indicating a complete alignment with the original objectives. This clarity suggests a positive outlook for investors, reinforcing confidence in the company’s governance and financial management.