LLOYDS ENGINEERING WORKS LIMITED — Others, 29-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Lloyds Engineering Works has submitted its quarterly statement on the utilization of funds from its Rights Issue. The company raised Rs. 493.62 Crore through this issue. Importantly, the statement confirms there has been no deviation or variation in how these funds are being used, aligning with the original objectives. So far, Rs. 105.70 Crore has been utilized. Both the Audit Committee and the monitoring agency, India Ratings & Research, confirmed no comments or deviations. This update provides investors clarity on the company's responsible deployment of capital from the recent share issuance.