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

Jai Balaji Industries has confirmed that there has been no deviation in the use of funds raised through a preferential allotment of convertible warrants, totaling ₹16.88 crore. The Audit Committee has reviewed this statement, ensuring compliance with regulations. This reassures investors regarding the company's financial discipline and proper allocation of funds for debt repayment and general corporate purposes. The stability in fund utilization may strengthen investor confidence, signaling a positive outlook amidst ongoing operational strategies.