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

Hi-Tech Pipes has reported on the utilization of its Qualified Institutional Placement (QIP) funds. Of the Rs. 50 Cr raised, Rs. 25 Cr was used for debt repayment as planned. For capital expenditure, Rs. 6.289 Cr was utilized, which is less than the Rs. 8 Cr initially earmarked. The company clarified that the broad purposes for fund utilization remain unchanged. The unutilized balance of Rs. 18.711 Cr is allocated for general corporate purposes. This transparency in fund deployment is crucial for shareholders, showing how the raised capital is being deployed against its stated objectives.