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

HFCL Limited has reported that there were no deviations in the utilization of funds raised through their Qualified Institutions Placement (QIP), totaling approximately Rs. 352 crores. The Audit Committee reviewed the fund usage for the quarter ended September 30, 2024, confirming that all proceeds aligned with the proposed objectives outlined in the placement document. A detailed statement regarding the fund allocation and utilization has been submitted for records.