Five-Star Business Finance Limited — Others, 29-04-2025: Statement of deviation(s) or variation(s) under Reg. 32

Five-Star Business Finance Limited has confirmed that there was no deviation in the utilization of proceeds from the issuance of convertible share warrants during the quarter. The total amount raised through the preferential issue was ₹31.57 Crore, with ₹7.89 Crore received as upfront consideration. No additional proceeds from the conversion of warrants into equity shares were recorded in this quarter. The audit committee's review supports that all funds were utilized as originally disclosed, enhancing stakeholder confidence in the company's financial integrity.