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

Sanstar Limited has provided a statement confirming that there have been no deviations or variations in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ending December 31, 2024. A total of ₹397.10 crore was raised, and the Audit Committee reviewed this statement, which was subsequently acknowledged by the Board. This consistent use of funds as per the original prospectus objects may bolster investor confidence, suggesting a stable operational strategy and adherence to planned financial activities. Investors may view this as a positive outlook, reinforcing trust in the company's management and governance.