PNB Housing Finance Limited — Others, 28-04-2025: Statement of deviation/variation in use of Issue proceeds

The company has provided a statement of deviation in the use of proceeds from its issue. It has detailed that the funds raised have not been utilized as initially planned, with a significant portion redirected towards operational expenses rather than the specified strategic projects. This shift in allocation may impact future growth initiatives and shareholder value, raising questions about the management's financial discipline and strategic focus. Stakeholders should consider how this deviation might affect the company's overall performance and growth trajectory.