Aether Industries Limited — Others, 18-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Aether Industries Limited has confirmed that there is no deviation in the use of proceeds from its Qualified Institutions Placement (QIP) of ₹750 crore raised on June 22, 2023. The Audit Committee has reviewed the statement, affirming that all funds are used as intended. The company maintains a robust financial strategy, with allocations for capital expenditure and working capital being adhered to without any modifications. Investors may view this clarity positively, indicating strong governance and strategic alignment, potentially enhancing confidence in the company’s financial health.