Walchandnagar Industries Limited — Others, 14-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Walchandnagar Industries Limited has confirmed that proceeds from its preferential issue totaling Rs. 247.59 Cr were used as intended. Rs. 31.59 Cr went to repay promoter group loans, while Rs. 213.54 Cr came from investors. The board approved reallocating Rs. 21 Cr from capital expenditure to loan repayment and working capital, and Rs. 17 Cr from capital expenditure to working capital. This fund usage supports debt reduction, working capital, capital expenditure, and general corporate purposes, maintaining alignment with the company’s financial plans.