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

Afcons Infrastructure Limited has confirmed that there has been no deviation in the use of ₹1,250 Cr raised through its IPO, with funds deployed strictly according to the original plan. Crisil Ratings Limited remains the monitoring agency ensuring proper utilization of the proceeds. This update reinforces the company’s financial discipline and commitment to its stated growth objectives, providing confidence to shareholders about transparent and responsible capital management.