Power Finance Corporation Limited — Others, 21-05-2025: Statement of deviation/variation in use of Issue proceeds

The company has disclosed a deviation in the utilization of funds raised through a recent issue. A portion of the proceeds has been redirected to meet working capital requirements and other operational expenses instead of the initially intended purposes. This reallocation reflects the company’s need to maintain liquidity and support ongoing business activities. While this change may affect the original capital allocation plan, it helps address immediate operational demands, which is crucial for sustaining business momentum and shareholder value.