Asian Granito India Limited — Others, 05-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Asian Granito India Limited disclosed variations in the utilization of funds from its Rights Issue, which raised ₹440.96 crores in May 2022. Changes were made to the object clause approved by shareholders in March 2023. While capital expenditures for several subsidiaries remained as planned, deviations were noted in working capital and project allocations, with some projects reclassified or adjusted. Monitoring is conducted by ICRA Limited, and no comments were made by the Audit Committee or auditors.