KEC International Limited — Others, 04-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

KEC International Ltd. confirmed that there was no deviation or variation in the utilization of proceeds from its Qualified Institutions Placement, which raised Rs. 870.16 Crore (Net Rs. 851.23 Crore) on September 26, 2024. For the quarter ended September 30, 2024, Rs. 834.28 Crore was utilized for repayment of borrowings, leaving Rs. 5.72 Crore unutilized. General corporate purposes consumed Rs. 11.23 Crore with no deviations noted.