Hitachi Energy India Limited — Others, 30-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Hitachi Energy India has confirmed the utilization of funds from its Qualified Institutional Placement (QIP), which raised a net amount of Rs. 2,476.29 Cr. The company reports no deviation from the stated objectives for the QIP proceeds. These funds were intended for capital expenditure, working capital, and general corporate purposes. During the period, Rs. 24.58 Cr was utilized towards capital expenditure, consistent with the plan. This update provides clarity on the ongoing transparent management of the raised capital.