Venus Pipes & Tubes Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Venus Pipes & Tubes Limited has provided a statement confirming no deviations or variations in the utilization of funds raised through its preferential issue for the quarter ended September 30, 2024. This reaffirms the company’s adherence to its planned use of funds, potentially enhancing shareholder confidence in its financial discipline and transparency. By ensuring consistent fund application, the company may position itself favorably in the eyes of investors, reflecting a commitment to strategic objectives and operational efficiency. Overall, this update suggests a positive outlook for investor sentiment with minimized perceived risks.