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

E Factor Experiences Limited confirms full adherence to its planned use of the Rs. 25.92 Cr IPO proceeds for the half-year ended March 31, 2025. Funds allocated for investment in its subsidiary remain partially unutilized (Rs. 2 Cr), while Rs. 1.03 Cr has been deployed for working capital. No funds have been spent on borrowings repayment, general corporate purposes, or IPO expenses. The Audit Committee reviewed and validated the fund utilisation, reinforcing the company’s commitment to transparent use of capital to support growth and operations.