CARYSIL LIMITED — Others, 07-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

CARYSIL Limited has confirmed that there is no deviation or variation in the utilization of funds raised through its Qualified Institutional Placement (QIP) amounting to Rs. 125 crores. A statement reviewed by the Audit Committee indicates that all funds are being used according to the originally disclosed purposes, including capital expenditures and working capital requirements, with no comments from either the Audit Committee or auditors regarding the fund usage.