Focus Lighting and Fixtures Limited — Others, 18-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Focus Lighting and Fixtures Limited has confirmed that there was no deviation in the utilization of proceeds from the preferential issue of convertible warrants, totaling ₹31.45 crore. This confirmation, reviewed by the Audit Committee, relates to the quarter ending September 30, 2024, and clarifies that all funds have been used as originally intended for business growth and operational needs. A delay in filing the statement was due to technical issues rather than fund misuse. This update may enhance investor confidence, signaling strong governance and adherence to financial commitments, potentially leading to a positive outlook for shareholder sentiment.