Gravita India Limited — Others, 22-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Gravita India Ltd. has filed a statement confirming no deviations in the utilization of funds raised through its QIP amounting to ₹1,000 crore. The funds were allocated for debt repayment and working capital requirements. As of December 31, 2024, ₹209.37 crore was utilized for repayment, and ₹420 crore for working capital needs, aligning with the approved purposes. This update reflects the company’s prudent fund management and could enhance investor confidence, suggesting a solid operational strategy moving forward. Overall, it indicates a positive outlook for maintaining financial discipline and efficiency.