Agarwal Industrial Corporation has confirmed that there is no deviation or variation in the use of funds raised through Preferential Issue of Convertible Warrants from the objects stated in the Explanatory Statement to the Notice of EGM of the Company dated 10th February 2021. Accordingly, a Nil Statement of Deviation, duly reviewed by the Audit Committee of the Company is given in 'Annexure A' for December 2022.
The above information is a part of company’s filings submitted to BSE.