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

UPL Limited has confirmed no deviation in the utilization of funds from its recent Rights Issue, which raised ₹3,377.74 crore. The Audit Committee reviewed this statement, affirming that funds were used as intended according to the Letter of Offer. As of December 31, 2024, ₹475.46 crore was utilized from the monitoring account for stipulated purposes, leaving ₹368.67 crore unutilized. This clarity on fund usage could bolster investor confidence, indicating effective capital management and potential stability in UPL's financial position moving forward.