Lokesh Machines Limited — Others, 12-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Lokesh Machines has confirmed that for the quarter ended September 30, 2024, there was no deviation in the utilization of funds raised through the issuance of Equity Shares and Convertible Warrants. This review, conducted by the Audit Committee, assures that all proceeds have been used as initially planned.

This clarity may bolster investor confidence in the company's financial management and governance, presenting a positive outlook regarding the company's adherence to its stated financial strategies. Overall, such updates can reduce perceived risks associated with fund usage.