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

ideaForge Technology Limited has confirmed no deviations in the utilization of funds raised through its IPO during the quarter ended December 31, 2024. The company reported that the total amount raised was ₹567.245 crore, allocated primarily for debt repayment, working capital, and product development, with no variations from the original objectives stated in the IPO prospectus.

This update reflects positively on the company's financial discipline and adherence to strategic goals, which could bolster investor confidence and support a positive outlook for the stock. Shareholders can view this as an affirmation of management's commitment to transparency and responsible use of capital.