GRM Overseas Limited — Others, 13-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

GRM Overseas Limited has confirmed that there has been no deviation in the use of proceeds from the ₹34.01 crore raised through the issuance of Convertible Warrants. This confirmation follows a review by the Audit Committee, ensuring funds have been utilized strictly for the purposes outlined in the offer document. The company’s strong adherence to the stated objectives may bolster investor confidence, signaling stability in financial management practices. This positive outlook aligns with the company's strategic focus on efficient capital allocation, positioning it well for potential growth opportunities.