Ambo Agritec Limited has announced that there is no deviation or variation in the utilization of funds raised through a preferential issue of ₹42.9 Cr.

The entire amount was intended for working capital, with ₹22.7 Cr utilized and the remaining ₹20.2 Cr pending conversion of allotted warrants by investors.

The Audit Committee reviewed and confirmed compliance with the stated use of proceeds, providing a favorable remark.

This clarity reassures shareholders on the company's disciplined fund management and transparency in capital deployment.