Innova Captab Limited — Others, 05-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Innova Captab Limited has submitted a Nil Statement of deviation in fund utilization for the quarter ended December 31, 2024, confirming no changes in the use of proceeds from its ₹5,700 million Initial Public Offer. The funds were allocated primarily for loan repayments, investments in subsidiaries, working capital, and general corporate purposes—all utilized as planned. The Audit Committee and Board reviewed and approved the statement. This transparency may bolster investor confidence, suggesting stable financial management and adherence to original goals, contributing to a positive outlook for the company's future operations.