IEL Ltd: Regulation 32 Statement for Quarter Ended March 31, 2026

IEL Limited submitted a statement of deviation or variation under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended March 31, 2026. The audit committee reviewed the statement on May 23, 2026. There was no deviation in the use of proceeds from the objects stated in the Letter of Offer dated January 17, 2025, related to Rights Issues of ₹4317.22. Original allocations were made to acquire land, finance warehouse construction, and meet general corporate purposes.