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

BCL Industries Limited has submitted a Statement of Deviation regarding the funds raised through its preferential issue. For the quarter ended September 30, 2024, no deviations were noted in fund utilization. The company reported forfeiture of Rs. 90 Lacs from a warrant allottee who failed to meet payment obligations, while previously unutilized funds of Rs. 21.33 crore were utilized this quarter. The total funds raised remain at Rs. 194.09 crore and have been utilized in line with stated objectives. This holds a neutral impact for investors, reflecting stable financial management but potential liquidity uncertainties from outstanding payments.