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<h1>Listed entities must submit quarterly reports on fund usage deviations per SEBI Regulation 32; audit committee review required.</h1> Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements mandates listed entities to submit quarterly statements to stock exchanges detailing any deviations or variations in the use of proceeds from public, rights, or preferential issues. These statements must outline discrepancies between projected and actual fund utilization and are required until funds are fully used or the intended purpose is achieved. The statements must be reviewed by the audit committee and included in the directors' report. If a monitoring agency is appointed, its reports must be submitted quarterly. For entities on SME Exchanges, reporting is half-yearly.