Kalpataru Projects International Limited — Others, 16-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Kalpataru Projects International Limited has confirmed full adherence to its planned use of proceeds from the recent QIP of Rs. 999.99 Cr (net Rs. 982.11 Cr). The company utilized Rs. 750 Cr to repay borrowings, Rs. 232.11 Cr for general corporate purposes, and Rs. 17.89 Cr for issue-related expenses. This disciplined fund deployment reinforces financial transparency and strengthens the company’s balance sheet, benefiting shareholders by maintaining strategic financial management.