Syrma SGS Technology Limited — Others, 29-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Syrma SGS Technology Limited has submitted a Statement of Deviation or Variation for the quarter ended December 31, 2024, confirming that there is no deviation in the utilization of funds raised through its IPO on August 26, 2022, which totaled ₹8401.26 million. Funds allocated for capital development, working capital, and general corporate purposes have been utilized as initially planned. This reflects strong financial management and adherence to the outlined objectives, bolstering investor confidence in the company’s operational consistency. Overall, this news presents a positive outlook for shareholders, indicating effective use of resources aligned with strategic priorities.