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JTL Industries Limited confirms no deviation or variation in the utilization of funds raised through its recent Qualified Institutional Placement (QIP) and preferential issue, as reported for the quarter ending December 31, 2024. A total of ₹300 crore has been raised, primarily directed towards capacity expansion and working capital. The finance has been utilized effectively, with ₹260.61 crore expended towards these objectives. This update suggests a strong adherence to initial funding plans, likely fostering confidence among investors and signaling operational stability and growth potential in the company’s strategic initiatives.