KEI Industries Limited — Others, 21-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

KEI Industries Limited has submitted a statement confirming no deviation in the utilization of funds raised through its qualified institutions placement amounting to ₹2,000 crore. This report pertains to the quarter ended December 31, 2024. The funds raised are earmarked for partial funding of a cable manufacturing facility, debt repayment, and general corporate purposes. The absence of deviations indicates effective fund management, which could bolster investor confidence. Overall, this suggests a positive outlook for financial health and operational stability, aligning with strategic growth initiatives.