Rajputana Biodiesel Limited — Others, 26-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Rajputana Biodiesel Limited confirms full alignment in the utilization of ₹24.7 Cr raised through its IPO. Funds have been deployed mainly for working capital (₹12.2 Cr), subsidiary expansion via loans (₹2.5 Cr), general corporate expenses (₹1.05 Cr), and issue-related costs (₹2.42 Cr). The Audit Committee and Board have reviewed and approved these allocations, underlining focus on operational growth and subsidiary development, which is positive for ongoing business momentum and shareholder confidence.