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

Ganesha Ecosphere has confirmed that there were no deviations in the utilization of funds raised through the Preferential Issue and Qualified Institutions Placement (QIP) for the quarter ended September 30, 2024. An amount of ₹149.97 crore was raised via the Preferential Issue, and ₹350 crore via QIP, both fully aligned with initial objectives. The Audit Committee reviewed the usage, ensuring compliance. This update indicates stable governance and financial discipline, likely fostering a positive outlook among investors as the company's operations remain unaffected by any fund allocation issues.