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

Adani Wilmar Ltd. has confirmed that during the quarter ended September 30, 2024, there was no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO). The total amount raised was ₹3,600 Cr, allocated primarily for capital expenditure, repayment of borrowings, strategic acquisitions, and general corporate purposes. Notably, the allocation for general corporate purposes was revised to ₹97.12 Cr from the original ₹62.58 Cr due to the finalization of IPO expenses. This clarity may enhance investor confidence, signaling effective fund management and strategic alignment with planned objectives.