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

Kamdhenu Ventures Limited has confirmed that for the quarter ended 30th September 2024, there has been no deviation in the use of proceeds from their preferential issue of equity shares. The funds have been utilized as initially proposed for redeeming preference shares and supporting the working capital needs of their paint business, including marketing and capital expenditures. This statement, reviewed by the Audit Committee, reflects prudent financial management. Investors may view this as a positive outlook, indicating effective use of capital and stability in operations, which could enhance shareholder confidence.