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

Poly Medicure Limited has reported the successful allocation of 53,19,148 equity shares through a Qualified Institutions Placement (QIP), raising approximately ₹99,999.98 lakh. The Audit Committee reviewed the use of these funds for the quarter ended September 30, 2024, confirming there were no deviations from the initially disclosed objectives. This reflects strong governance practices and adherence to the intended use of proceeds, boosting investor confidence. As the company continues on its growth trajectory with capital expenditure and strategic initiatives, this solid financial management may foster a positive sentiment among investors.