Ester Industries Limited — Others, 06-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Ester Industries Ltd. has confirmed that there is no deviation or variation in the utilization of funds raised through a preferential issue amounting to ₹99.89 crores for the quarter ended 30 September 2024. The funds have been allocated for repayment of term loans, investment in a subsidiary, and general corporate purposes, all fully utilized as intended. The Audit Committee has reviewed and acknowledged this statement.