Salasar Techno Engineering Limited — Others, 14-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Salasar Techno Engineering Limited has presented a statement detailing the deviation in the utilization of funds raised through a preferential issue of equity shares and convertible warrants for the quarter ended December 31, 2024. The company raised ₹290.77 crores, primarily aimed at financing acquisitions, with ₹232.77 crores utilized as planned. Notably, there were no deviations in the use of funds per original objectives, maintaining compliance with set parameters. This stable management of funds could enhance investor confidence, signaling effective oversight and operational adherence to strategic financial goals, fostering a potentially positive outlook for shareholders.