Anupam Rasayan India Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Anupam Rasayan India Ltd. has announced a board meeting to discuss a statement regarding the use of proceeds from its Qualified Institutions Placement (QIP). For the quarter ended September 30, 2024, the company confirmed there has been no deviation or variation in the allocation of funds, which were fully utilized as intended. The total amount raised from the QIP was ₹500 crore, with allocations primarily for capital expenditure and corporate purposes. This transparency reinforces operational stability, potentially enhancing investor confidence as the company demonstrates effective management of raised funds.