Associated Alcohols & Breweries Ltd. — Others, 24-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Associated Alcohols & Breweries Limited reports that for the quarter ended December 31, 2024, there has been no deviation in the utilization of funds raised from the preferential issue of convertible warrants. The company raised ₹10.91 Crores in March 2024 and ₹18.67 Crores in October 2024, with all proceeds being allocated as originally stated. This transparency boosts investor confidence as it demonstrates effective financial management and adherence to strategic intents, especially concerning expansion projects. The outlook remains positive, with the company positioning itself for future growth without any reported fund utilization discrepancies.