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

Bansal Wire Industries Limited has confirmed that there has been no deviation in the utilization of funds raised through its public issue amounting to ₹745 crore for the quarter ended September 30, 2024. The audit committee has reviewed the report and reported compliance with the proposed allocation. This assurance of appropriate fund usage may enhance investor confidence by underscoring the company's financial integrity. With a positive outlook on management practices, investors may view the company's commitment to transparency as a favorable factor affecting long-term growth potential.