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

MCON Rasayan India Limited has confirmed that the ₹1599.83 lakh raised through its Qualified Institutional Placement has been utilized exactly as intended, with no deviations or changes in contract terms. Both the audit committee and auditors have found no issues. This reassures investors that the company’s capital deployment is proceeding as planned, supporting its operational and strategic objectives without any financial misallocation.