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

Arihant Academy Ltd. has provided an update confirming that there is no deviation in the utilization of proceeds from its Initial Public Offering (IPO), amounting to ₹14.72 crore. The funds were allocated according to the objectives outlined in the prospectus from December 2022. The Audit Committee reviewed this statement and reported no discrepancies as of the quarter ending December 2024.

This consistency indicates a stable operational and financial position, which could foster a positive outlook among investors, reinforcing confidence in the company's governance and use of funds.