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

Ambuja Cements Limited has announced a board meeting to confirm that there are no deviations in the use of proceeds from its preferential issue of equity shares for the quarter ended December 31, 2024. The company raised a total of ₹15,000.046 crore, with ₹10,935.75 crore utilized for various strategic initiatives, including capital expenditures and logistics infrastructure. This transparency reassures investors about the company's adherence to its financial strategy, reflecting a positive outlook for operational efficiency and capital management moving forward. The absence of deviations supports investor confidence in Ambuja's governance and financial health.