Vraj Iron and Steel Limited — Others, 12-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Vraj Iron and Steel Limited has reported that there is no deviation or variation in the utilization of funds raised through its initial public offer (IPO) for the quarter ended September 30, 2024. The company raised ₹171 crore, primarily allocated for the expansion project at its Bilaspur plant. This statement, reviewed by the Audit Committee and documented in board meetings, reassures investors about the proper management of funds and suggests a stable outlook for the company’s growth strategy, reflecting positively on its governance and financial planning.