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

Indian Phosphate Limited has announced a board meeting to review the Statement of Deviation and Utilization of funds raised through its Initial Public Offer for the half-year ended September 30, 2024. Importantly, the company confirmed that there are no deviations or variations in utilization, with a total of ₹6735.96 crore raised and ₹3551.11 crore utilized as per the objects stated in the prospectus. This clarity enhances financial transparency and bolsters investor confidence, reflecting positively on the company's governance. Overall, it maintains a favorable outlook for ongoing investor sentiment.