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

Western Carriers (India) Limited has confirmed there were no deviations or variations in the utilization of funds from their Initial Public Offer (IPO) for the quarter ended September 30, 2024. The total amount raised was ₹4,928.80 million, with a significant portion allocated to capital expenditure and debt repayment, all in line with the objectives outlined in the prospectus. This clarity may enhance investor confidence regarding the company's financial management. Overall, the neutral impact of this update suggests stability in fund utilization and positive governance practices.