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

Brigade Enterprises has announced a board meeting regarding the statement of deviation or variation in the utilization of funds raised through its Qualified Institutions Placement for the quarter ended 30th September 2024. The company confirmed that there were no deviations in the use of the ₹1,500 crore raised on 5th September 2024. The Audit Committee reviewed the utilization, showing approximately ₹144.95 crore was used primarily for repayment of borrowings and general corporate purposes, with no changes to the initial allocation. This clarity on fund usage is likely to enhance investor confidence, suggesting a positive outlook for financial governance.