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

Man Industries (India) Limited has provided a statement confirming that there has been no deviation or variation in the utilization of funds raised through the preferential issue of convertible warrants to promoters and equity shares to non-promoters for the quarter ending September 30, 2024. The total amount raised consists of ₹11.47 crore from the warrants and ₹169.99 crore from the equity shares, all of which were allocated as planned. This clarity reinforces the company’s financial discipline and commitment to transparent fund management. Investors may view this development positively, reflecting stability and effective governance without unexpected risks.