Indian Oil Corporation Limited — Others, 30-04-2025: Statement of deviation/variation in use of Issue proceeds

The company has disclosed a deviation in the utilization of proceeds from its recent issue. The funds have been allocated differently than initially planned, which may affect stakeholders' expectations regarding project financing and timelines. This change is significant as it can influence the company’s financial health and future growth trajectory. Investors should consider how this deviation aligns with overall business performance and strategy, as well as its potential impact on shareholder value moving forward.