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

Krishca Strapping Solutions Limited has announced a board meeting to discuss the financial results for the quarter and half-year ended September 30, 2024. The company confirms that there were no deviations in the utilization of funds raised through its preferential issue amounting to ₹54.06 crore during this period. The Audit Committee has reviewed this statement, which indicates that the funds are utilized as planned for manufacturing expansion, working capital needs, and general corporate purposes. This strong compliance may bolster investor confidence, suggesting a positive outlook for the company’s financial governance.