Bank Of India — Others, 09-05-2025: 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. The variance relates to a delay in deploying the proceeds as originally planned, impacting certain project timelines. This update provides transparency on fund management and signals prudent monitoring of capital allocation. For shareholders, understanding the delay helps set expectations around project progress and potential impact on operational or financial milestones. The company’s focus remains on optimizing resource use to support growth initiatives.