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

Pritika Auto Industries Ltd has confirmed that there is no deviation or variation in the use of funds raised from the exercise of warrants, totaling Rs 6.88 crore, as of September 30, 2024. The proceeds remain unutilized, as reviewed by the Audit Committee. This clarity indicates effective management of raised capital, reinforcing investor confidence in the company’s governance. The lack of deviations suggests a commitment to original funding objectives even as potential growth opportunities remain unexplored, positioning the company for strategic deployment when the right opportunities arise.