BEW Engineering Limited — Others, 22-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

BEW Engineering Limited confirms that funds raised via preferential allotment of 3,56,164 equity shares (₹54.85 Cr) and 1,00,000 fully convertible share warrants (₹15 Cr total, ₹3.75 Cr received) were used as intended for working capital, capital requirements, and corporate purposes. There was no deviation in fund utilization, and both the audit committee and auditors raised no concerns. This disciplined fund management reinforces the company’s ongoing operational and growth strategies.