The Byke Hospitality Ltd — Others, 28-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

The Byke Hospitality Limited has announced a board meeting on the use of proceeds from its preferential issue totaling Rs. 54.95 Cr. As of the latest update, Rs. 41.15 Cr has been deployed mainly for borrowing repayment (Rs. 9.07 Cr) and general corporate purposes (Rs. 32.08 Cr). The remaining Rs. 13.80 Cr remains parked in a current account and fixed deposits earning 8% interest, reflecting disciplined fund management that supports the company’s financial stability and operational flexibility.