Delhivery Limited — Others, 07-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Delhivery has confirmed that for the quarter ended December 31, 2024, there has been no deviation in the utilization of funds raised through its Initial Public Offer (IPO). The gross proceeds amounted to ₹4,000 crore, netting ₹3,886 crore after expenses. The Audit Committee reviewed and supported this assessment, indicating a consistent allocation aligned with the IPO objectives, including organic growth and network expansion. This clarity may bolster investor confidence, reinforcing a positive outlook as the company effectively manages its capital towards strategic growth initiatives.