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

Paramount Speciality Forgings Limited has disclosed the utilization of funds raised through its Initial Public Offer (IPO) amounting to ₹32.34 crore for the half-year ended September 30, 2024. Notably, there were no deviations in the use of these funds; all has been utilized as per the original objectives stated in the offer document. The company still holds ₹24.55 crore of the total amount raised, with significant portions invested in fixed deposits. This adherence to the plan coupled with robust fund management may foster a positive outlook among investors, reinforcing confidence in the company's strategic execution.