Radiant Cash Management Services Limited — Others, 13-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

RADIANT Cash Management Services has confirmed that there were no deviations in the utilization of funds raised through its IPO as of December 31, 2024, amounting to ₹49.362 Crore. The Audit Committee's review concluded that funds were allocated as specified in the prospectus, with a portion earmarked for working capital and capital expenditure on specially fabricated armoured vans being fully utilized. This strong adherence to the initial plan may bolster investor confidence, highlighting effective fund management and operational efficiency in the company's ongoing projects. Overall, this could indicate a positive outlook for future performance.