Cyient DLM Limited — Others, 27-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Cyient DLM Limited has confirmed there were no deviations in the utilization of IPO proceeds during the quarter ended December 31, 2024. The funds were used as per the objectives outlined in their prospectus, with significant allocations to working capital, capital expenditures, and debt repayment. The Audit Committee and Board of Directors have reviewed the usage, indicating effective financial governance. This stability in fund allocation may bolster investor confidence, reflecting a positive outlook on the company's operational integrity and strategic direction.