Dynamic Cables Limited — Others, 28-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Dynamic Cables Limited has confirmed there was no deviation in the utilization of funds raised through the preferential issue during the quarter ended December 31, 2024. The company raised ₹96.588 crore, with ₹60.025 crore utilized for working capital and operational needs as originally intended. The audit committee reviewed the matter, affirming that funds were used as planned, with the unutilized amount temporarily invested in a liquid fund. This development reflects prudent financial management, likely reinforcing investor confidence and providing a stable outlook as the company progresses without financial discrepancies.