Balu Forge Industries Limited — Others, 22-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Balu Forge Industries Limited reported no deviation or variation in the use of proceeds raised through its preferential issues for the quarter ending September 30, 2024. The total amount raised was ₹32.36 crores, with intended allocations towards working capital and general corporate purposes. All funds have been utilized as originally allocated, as confirmed by the Audit Committee and monitoring agency Infomerics Valuation and Rating Pvt. Ltd. The company remains compliant with disclosure requirements.