Alok Industries Limited — Others, 16-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Alok Industries has provided a statement confirming that there is no deviation in the use of proceeds from its preferential issue and private placement of equity and optionally convertible preference shares, which raised ₹500 crore. As of December 31, 2024, ₹488.38 crore has been utilized primarily for capital expenditures associated with the approved Resolution Plan. The remaining balance of ₹11.61 crore signals effective fund management aligned with the original purpose. This clarity may instill confidence among investors regarding the company's adherence to its strategic financial objectives, contributing to a positive outlook on its governance and operational transparency.