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

RateGain Travel Technologies Limited has announced a board meeting to review the Statement of Deviation in fund utilization following its Qualified Institutional Placement (QIP) that raised ₹5862.91 million as of December 31, 2024. The Audit Committee confirmed that there are no deviations in fund usage, with the capital primarily allocated for strategic investments and acquisitions. This clarity on fund allocation should bolster investor confidence by highlighting management's adherence to its financial strategy, presenting a positive outlook for the company’s growth trajectory.