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

Ganesh Benzoplast Limited has submitted a statement confirming that there are no deviations in the utilization of proceeds from their preferential issue of equity shares, with a total amount raised of ₹62.75 crores. The report covers the quarter ended September 30, 2024, and notes that funds are being utilized as originally intended, primarily for LPG business expansion and general corporate requirements. This clarity may boost investor confidence, indicating operational adherence to planned objectives and suggesting a stable financial outlook.