Excellent Wires and Packaging Limited — Others, 21-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Excellent Wires and Packaging Limited confirms no deviation in the utilization of IPO proceeds totaling ₹12.60 Cr. Funds have been used mainly for land acquisition and building construction (₹2.30 Cr spent, ₹3.48 Cr unutilized), plant and machinery (₹1.50 Cr spent, ₹0.50 Cr unutilized), fully utilized additional working capital (₹1.50 Cr), general corporate purposes (₹0.86 Cr spent, ₹1.46 Cr unutilized), and fully utilized offer expenses (₹1.00 Cr). The Audit Committee reviewed and approved the fund usage without any auditor comments.