Kaynes Technology India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

Kaynes Technology has filed a compliance statement confirming that there were no deviations or variations in the use of funds raised through its Initial Public Offering (IPO) in November 2022 and Qualified Institutions Placement (QIP) in December 2023, for the quarter and year ended March 31, 2025. For the IPO, net proceeds of Rs. 6,257.44 million were raised, of which Rs. 5,856.20 million has been utilised so far for purposes such as repayment of borrowings, capex at Mysuru and Manesar facilities, investment in subsidiary Kaynes Electronics Manufacturing, working capital, and general corporate purposes. For the QIP, net proceeds of Rs. 13,740 million were raised, with Rs. 5,520.21 million utilised towards setting up the OSAT facility (Rs. 2,274.12M), PCB facility (Rs. 862.30M), and general corporate purposes (Rs. 2,383.79M). The Audit Committee and Board reviewed the report on May 15, 2025 and raised no comments. Unutilised funds remain parked in fixed deposits with scheduled commercial banks.