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

Solex Energy Limited has confirmed that for the half-year period ended September 30, 2024, there has been no deviation in the utilization of funds raised through a preferential issue amounting to ₹72.93 crore. The statement, reviewed by the Audit Committee, reaffirms that the funds have been used as planned for working capital and general corporate purposes. This transparency reinforces management's commitment to maintaining investor trust. Investors might view this update positively, as it suggests strong adherence to operational integrity and strategic focus, minimizing potential risks associated with fund utilization.