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

Pavna Industries Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company has fully complied with the utilization of Rs. 210.70 Cr raised through a preferential issue of equity shares and convertible warrants. Of this, Rs. 119.80 Cr has been received, covering the entire equity portion and 25% of the warrants, with the remaining Rs. 90.90 Cr to be collected over 18 months. Funds are primarily earmarked for working capital (Rs. 81.5 Cr), strategic acquisitions (Rs. 78.92 Cr), and general corporate purposes (Rs. 38.3 Cr).