Konkan Railway Corporation Limited — Statement of deviation/variation in use of Issue proceeds

Konkan Railway Corporation Limited has released a formal statement regarding the utilization of funds from its recent share issue. The company has disclosed that the proceeds have been used in accordance with the stated purpose, with no significant deviations reported. This communication serves to clarify the financial management of the capital raised and confirms that the company is operating within the approved framework for the funds.

For investors, this disclosure is a routine part of corporate governance, ensuring transparency regarding how capital is deployed. It provides assurance that the company is adhering to its stated financial objectives and managing investor capital effectively. This clarity helps maintain trust in the company's operational discipline and adherence to regulatory compliance.

Investors should monitor the company's future financial reports to see how these funds contribute to its operational goals. While this statement confirms current compliance, continued performance and the strategic use of capital will be key factors in evaluating the company's long-term financial health.