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

Sundaram-Clayton Limited has confirmed that for the quarter ended December 31, 2024, there was no deviation in the use of funds raised through its recent Qualified Institutional Placement (QIP) of ₹400 crore. The company’s audit committee has reviewed the statement of utilization, indicating full alignment with the stated objectives in the placement document. This transparency is likely to enhance investor confidence, reflecting a positive outlook on the company's financial governance and operational strategy. The consistent approach to fund utilization underscores management's commitment to maintaining financial integrity.