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

Kriti Industries (India) Limited has announced a board meeting and submitted a nil deviation statement for preferential issue funds totaling Rs. 1783.125 lakh. The funds were used as planned, primarily for capital expenditure aimed at capacity expansion, working capital, and general corporate purposes. Capital expenditure includes adding new pipe manufacturing lines at current and proposed sites, with an estimated outlay up to Rs. 80 Cr. The audit committee and auditors reported no variances in fund utilization, reflecting disciplined financial management aligned with company goals.