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

Ami Organics Limited has announced a board meeting to address the statement of deviations or variations in the utilization of funds from its Qualified Institutions Placement (QIP) for the quarter ended December 31, 2024. The company confirmed no deviations in the use of INR 388.43 crore raised on June 21, 2024. Funds were allocated primarily for repayment of borrowings, capital expenditures, and general corporate purposes, with significant amounts utilized as intended. This transparency may bolster investor confidence, reflecting a disciplined approach to capital management and a positive outlook for operational stability.