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

Grasim Industries Limited has confirmed there is no deviation in the utilization of proceeds from its Rights Issue amounting to ₹3,999.80 crore. The Audit Committee's review supports this assertion, noting that funds raised are aligned with the stated objectives. For the quarter ended 30th September 2024, about ₹990.95 crore was received as the first call money, with minimal utilization reported and some funds remaining unutilized in the monitoring account. This reinforces the company’s disciplined financial management, which may bolster investor confidence and indicate a positive outlook for future funding and growth prospects.