ALUWIND INFRA-TECH LIMITED — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Aluwind Architectural Limited has provided a statement confirming that there has been no deviation in the utilization of funds raised through their recent IPO, amounting to ₹29.7 crore. The Audit Committee reviewed and reported that the funds were utilized as initially allocated across various categories, including working capital and general corporate purposes, with negligible unutilized amounts remaining. This assurance may bolster investor confidence regarding the company’s financial management and strategic alignment. Overall, this clarity on fund utilization could signal a positive outlook for potential investors observing Aluwind's operational stability.