Baba Food Processing (India) Limited — Others, 22-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Baba Food Processing (India) Limited has reported a variation in the use of funds from its Rs. 32.88 Cr public issue. The company spent Rs. 5.10 Cr on public issue expenses and general corporate purposes, exceeding the initial allocation of Rs. 4.43 Cr due to GST payments not previously accounted for. Other planned uses, including subsidiary investment, machinery purchase, working capital, and repayment of unsecured loans, remain unchanged. The Audit Committee reviewed and confirmed this variation is due to GST treatment, not a change in the company’s business strategy.