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

Surani Steel Tubes Limited has confirmed there is no deviation in the use of funds raised through the preferential issue of convertible warrants, totaling approximately ₹12.22 crore. The funds have been fully utilized for their original purpose within the half-year ended September 30, 2024. This confirmation follows a review by the Audit Committee and indicates robust financial discipline. For investors, this demonstrates effective management of capital and could bolster confidence in the company's governance and operational focus, contributing to a positive outlook moving forward.