Vedika Credit Capital Limited — Statement of deviation/variation in use of Issue proceeds

Vedika Credit Capital Limited has informed the stock exchanges that there has been a deviation or variation in the way it utilized the proceeds from its recent fund-raising issue. This means the company has not used the money exactly as originally planned or disclosed in its prospectus. The company is required to file this statement to ensure transparency regarding how the capital raised from investors is being deployed.

For investors, this disclosure is important as it highlights a potential change in the company's strategic direction or financial management. It signals that the management may have altered its use of funds, which could impact the company's future performance or risk profile. Investors should review the specific details of the deviation to understand the nature of the change and its implications for the company's operations.