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

Walchandnagar Industries Limited has confirmed there is no deviation in the use of proceeds from its recent preferential issue, totaling ₹247.59 crore. As of September 30, 2024, ₹122.33 crore has been raised, with funds allocated for loan repayments, capital expenditure, and general corporate purposes as originally intended. The Audit Committee has reviewed and endorsed this statement, indicating adherence to the planned financial objectives. For investors, this positive outlook reflects sound management and effective capital utilization, reinforcing confidence in the company's governance and financial strategy.