Punjab National Bank — Others, 07-05-2025: Statement of deviation/variation in use of Issue proceeds

The company has disclosed a deviation in the utilization of issue proceeds, indicating that the funds raised through its latest issuance have not been fully applied as initially intended. This update informs shareholders about the variances in planned capital allocation, which could affect project timelines or operational expansions. Transparency in fund usage helps investors gauge management’s execution efficiency and potential impacts on the company’s growth trajectory.