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

Pearl Global Industries Limited has announced a board meeting to review the statement of deviation in the utilization of funds raised through a Qualified Institutional Placement (QIP). They raised ₹149.50 crore, with no deviations in fund usage reported for the quarter ending September 30, 2024. The funds were allocated for working capital, loan repayments, and growth initiatives, with significant amounts utilized as planned. This transparency may foster investor confidence, indicating effective management of capital and solid financial health, contributing to a positive outlook for the company's future.