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

Hitachi Energy India Limited has confirmed that Rs. 2,476.29 Cr net proceeds from its Qualified Institutional Placement are fully utilized as planned, with Rs. 1,513.28 Cr for capital expenditure toward business expansion, Rs. 350 Cr for working capital, and Rs. 613.01 Cr for general corporate purposes. This confirms disciplined capital deployment aligned with the company’s growth strategy, providing clarity and confidence to shareholders on fund usage and operational progress.