PCBL Chemical Limited — Others, 29-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

PCBL Limited has confirmed that there were no deviations in the utilization of funds raised from the preferential allotment of 16 million convertible warrants. As of the quarter ended September 30, 2024, all proceeds, totaling ₹112 crore, have been fully utilized for debt repayment, with no funds directed towards working capital or general corporate purposes during this period. The remaining ₹336 crore is anticipated to be received within 18 months.