Balu Forge Industries Limited — Others, 21-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Balu Forge Industries Limited reported no deviations in the use of proceeds from its recent preferential issue for the quarter ended September 30, 2024. The raised amounts were utilized as per the original objects stated in the Private Placement Offer Letter, covering working capital and general corporate purposes. The Audit Committee reviewed and confirmed this alignment with regulations.