Avonmore Capital & Management Services Limited — Others, 30-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Avonmore Capital & Management Services Ltd. has confirmed that funds raised through its ₹48.65 Cr Right Issue were fully utilized as planned—in investments in subsidiaries, general corporate purposes, and related expenses. The Audit Committee reviewed the utilization with no discrepancies found, and auditors raised no concerns. This transparency reassures shareholders about the company’s disciplined capital allocation and commitment to stated objectives.