K2 Infragen Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

K2 InfraGen Limited has announced a statement detailing the application of funds raised through its IPO for the half-year ended September 30, 2024. A total of ₹40.54 crore was raised, with ₹32.44 crore utilized across various categories, leaving ₹8.11 crore unutilized. The unutilized funds are currently held in fixed deposits, pending management's finalization of plans for their use. The Audit Committee reported no deviations from the intended use of funds. This update signals prudent financial management, which may foster positive sentiment among investors as the company progresses with its strategic initiatives.