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

Lorenzini Apparels Limited has confirmed that there are no deviations or variations in the utilization of funds raised through a recent preferential issue of convertible warrants, amounting to Rs. 120 cr. The funds were allocated for enhancing the company's capital base and supporting business expansion. The Audit Committee has reviewed and validated this statement for the quarter and half-year ended September 30, 2024. This confirmation reinforces operational stability and underlines effective fund management, potentially boosting investor sentiment with a positive outlook on financial governance and growth strategy.