Lancor Holdings Limited — Others, 26-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Lancor Holdings Limited has confirmed that there is no deviation or variation in the use of proceeds from its recent preferential issue of Rs. 55.47 crores, which was completed on April 18, 2024. The audit committee reviewed the statement, and all funds have been utilized as originally planned for debt repayment, land acquisition, project payments, working capital, and contributions to joint ventures.