Statement of deviation or variation for period ended 31/03/2026

Hindprakash Industries Limited has submitted a statement confirming no deviations or variations in the utilization of funds raised through a preferential issue of convertible equity warrants. The company raised Rs. 615.00 Lakhs (75% of total issue size of Rs. 820.00 Lakhs) on January 10, 2024. The funds were allocated for augmenting net worth, supporting business growth, meeting working capital requirements, repaying debt, and general corporate purposes. The Audit Committee reviewed and confirmed that the issue proceeds were fully utilized by March 31, 2026, with no deviations from the stated objects.