MITCON Consultancy & Engineering Services Limited — Others, 13-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

MITCON Consultancy & Engineering Services Limited has submitted its statement of deviation for the use of proceeds from the Rights Issue of partly paid-up equity shares for the quarter ended December 31, 2024. There is no deviation noted in the application of the funds as outlined in the offer documents. The net proceeds amount to ₹31.73 crore, with key allocations including investments in subsidiaries and joint ventures, upgrading its environmental laboratory, and funding capital expenditures. This update reflects effective capital management and could imply a positive outlook for operational growth and investor confidence.