Veekayem Fashion and Apparels Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Veekayem Fashion and Apparels Limited has confirmed that there have been no deviations or variations in the use of funds raised through its public issue and preferential issue of warrants for the quarter ended 30th September 2024. The ₹443.52 crore raised from the public issue and ₹627.02 crore from the preferential issue have been fully utilized as stated in the prospectus, earmarked for working capital and corporate purposes. This clarity on fund utilization may enhance investor confidence, suggesting a disciplined approach to capital management and a stable financial outlook.