Poly Medicure Limited — Others, 15-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Poly Medicure Limited has announced a board meeting to review the financial results for the quarter and half-year. The company raised about Rs 1000 Cr through a Qualified Institutions Placement by issuing over 53 lakh shares at Rs 1880 each. The Audit Committee confirmed funds were used as planned for new manufacturing facilities, inorganic growth, and general corporate needs. With issue expenses coming in lower than expected, surplus funds were redirected to corporate purposes, while unspent amounts continue to be closely monitored. This disciplined capital use underpins the company’s expansion and strategic plans.