Indian Overseas Bank — Others, 02-05-2025: Statement of deviation/variation in use of Issue proceeds

The company has disclosed a deviation in the utilization of funds raised through a recent issue. A portion of the issue proceeds was redirected from the originally stated purposes to other operational needs. This shift reflects the company’s focus on optimizing resource allocation amid changing business priorities. Investors should note this adjustment as it may impact the planned use of capital and potentially influence future operational outcomes. The company remains committed to transparency and will continue monitoring the use of funds against strategic goals.