Olectra Greentech Limited — Others, 29-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Olectra Greentech Limited has announced a board meeting to disclose that there were no deviations or variations in the use of proceeds from the preferential issue for the quarter ended December 31, 2024. This indicates effective fund management and adherence to originally stated objectives, which may enhance investor confidence in the company's governance. Maintaining strict compliance after a fund-raising initiative can positively influence sentiments among stakeholders, reflecting the company’s operational stability and commitment to transparency. Shareholders may view this as a reassuring sign of strategic execution.