Deem Roll Tech Limited — Others, 29-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Deem Roll Tech Limited has confirmed that proceeds from its ₹32.25 Cr pre-IPO placement and fresh issue have been deployed as intended. Working capital (₹3.5 Cr) and general corporate purposes (₹0.78 Cr) allocations are fully utilized. Capital expenditure for expanding manufacturing was budgeted at ₹20 Cr, with ₹13.01 Cr spent so far due to delayed receipt of funds. Issue-related expenses of ₹4.98 Cr are fully incurred. This update reassures investors on the company’s prudent and transparent use of IPO funds.