Associated Alcohols & Breweries Ltd. — Others, 24-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Associated Alcohols & Breweries Limited confirmed that there is no deviation or variation in the utilization of funds raised through the preferential issue of convertible warrants. The funds amounted to Rs. 10.91 crores, with the company utilizing them as intended for its subsidiary. As of September 30, 2024, the funds remain unutilized, securely held in fixed deposits. The statement was reviewed and approved by the Audit Committee.