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

Sahasra Electronic Solutions Limited has reported a statement of deviation in the utilization of funds raised through its IPO, totaling ₹172.01 Cr. Funds were initially allocated for capital expenditures, investment in subsidiaries, working capital, general corporate purposes, and issue expenses. Notably, the company adjusted ₹2.04 Cr towards its subsidiary, Sahasra Semiconductors, reflecting a minor deviation from its original plan, which the Audit Committee deemed non-material. This update suggests stable oversight and strategic investment, potentially fostering a positive outlook among investors by reinforcing operational flexibility and growth prospects.