Krishna Defence and Allied Industries Limited — Others, 20-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Krishna Defence and Allied Industries Limited has confirmed full utilization of Rs. 49.43 Cr and Rs. 3.72 Cr raised from preferential issues, aligned with objectives like net worth augmentation, working capital, long-term funding, capex, and corporate purposes. The Audit Committee and auditors reviewed and verified there was no deviation or unutilized amount in the use of proceeds, ensuring capital deployment met the company’s planned financial strategy. This reflects disciplined fund management, supporting operational and growth plans without financial discrepancies.