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

Borosil Limited has confirmed there is no deviation in the use of funds raised through its Qualified Institutional Placement for the quarter ended September 30, 2024. This confirmation, reviewed by the Audit Committee, highlights effective fund management, which reinforces financial discipline. Such clarity can bolster investor confidence as it demonstrates robust governance. The absence of deviations suggests a positive outlook on the company's operational integrity, potentially attracting further investment interest while mitigating concerns about fund mismanagement.