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

Ruchi Infrastructure Limited confirmed there was no deviation in the utilization of funds raised through its preferential issue of convertible warrants. During the quarter ended 30 September 2024, the company raised ₹8.56 Crore from the conversion of warrants, contributing to a total fund of ₹31.71 Crore raised. The Audit Committee reviewed the usage of these funds and noted adherence to the originally stated purposes. This transparent reporting may enhance investor confidence, suggesting a positive outlook on the company's governance and adherence to financial strategies.