Ugro Capital Limited — Others, 24-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

UGRO Capital has confirmed that the proceeds from its recent Preferential Issue have been fully utilized in accordance with the stated objectives, with no deviations observed for the quarter ending December 31, 2024. A total of ₹3,60.30 crore was raised through various modes, including two preferential issues and the conversion of warrants. This confirmation suggests effective capital management and adherence to approved fund allocation, potentially strengthening investor confidence. The absence of deviations may indicate operational stability and alignment with strategic goals, fostering a positive outlook among shareholders.