Best Agrolife Limited — Others, 07-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Best Agrolife Limited has reported on the utilization of funds from its Preferential Issue of Convertible Warrants. The initial issue size was adjusted from Rs. 200 Cr to Rs. 150 Cr due to lower investor subscription. The company's Board approved revised allocations, setting Rs. 50 Cr for Capital Expenditure and Rs. 90 Cr for Working Capital. The upfront 25% of the proceeds, amounting to Rs. 37.5 Cr, has been fully utilized by June 2025. Minor amounts were also used for raw material purchases and interest payments. The company confirmed no deviation in fund utilization from these approved plans for the quarter ending June 30, 2025.