Hindprakash Industries Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

Hindprakash Industries Limited has filed its quarterly statement confirming no deviations in fund utilization. The company raised Rs. 615 lakhs (75% of the Rs. 820 lakhs total issue size) through a preferential issue of convertible equity warrants on January 10, 2024, at Rs. 82 per warrant. The funds were fully utilized by March 31, 2026 for the stated purposes including augmenting net worth, meeting working capital requirements, long-term fund needs, debt repayment, and general corporate purposes. The Audit Committee reviewed and approved the statement at its meeting held on May 28, 2026, with no changes to the original allocation.