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

Wockhardt Limited has confirmed that there has been no deviation in the utilization of funds raised through its Qualified Institutions Placement (QIP) totaling ₹480.04 Cr. for the quarter ended September 30, 2024. The Audit Committee's review corroborated that the funds were allocated as planned, mainly for repaying borrowings, clinical trials, working capital, and general corporate purposes. This transparency in fund usage may enhance investor confidence and underscores the company's commitment to financial discipline, contributing to a positive outlook for the stock.