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

Bansal Wire Industries Limited has confirmed that there were no deviations or variations in the utilization of proceeds from its public issue amounting to ₹745 crores for the quarter ended December 31, 2024. The funds raised have been used as intended for repayment of borrowings, investments in subsidiary projects, and to meet working capital requirements, as detailed in their monitoring report. With a favorable review from the Audit Committee, this clarity reassures investors regarding proactive financial management. The lack of deviation suggests a positive outlook for governance and operational integrity, which may enhance investor confidence.