Patel Integrated Logistics Limited — Others, 30-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Patel Integrated Logistics Limited confirms there is no deviation in the utilization of funds from its recent Rights Issue, which raised Rs. 900 Cr. The funds have been allocated as outlined in the Letter of Offer, primarily for repayment of borrowings and general corporate purposes. This positive affirmation from the Audit Committee and the attached review supports the firm's financial integrity. Investors may view this clarity as a stabilizing factor, reducing potential risks associated with fund mismanagement and enhancing confidence in the company’s governance.