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

Pavna Industries has confirmed no deviation in the utilization of proceeds from its preferential issue of Equity Shares and Fully Convertible Warrants for the quarter ended June 30, 2025. The company raised a total of Rs. 210.70 Cr. Of this, Rs. 119.80 Cr has been received from the preferential shares and 25% of the warrants, with the remaining Rs. 90.90 Cr from warrants expected in tranches within 18 months. Funds are being used as planned for issue expenses, working capital, general corporate purposes, and strategic acquisitions, providing transparency to shareholders on fund deployment.