Arkade Developers Limited — Others, 28-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Arkade Developers Limited has confirmed there were no deviations in the utilization of proceeds from its Initial Public Offering (IPO) for the quarter ending December 31, 2024. The Audit Committee reviewed this statement, confirming compliance with the originally outlined objectives for the raised funds, totaling ₹4100 million. This stability suggests effective financial management, potentially enhancing investor confidence. Maintaining a clear path in fund utilization may provide a positive outlook, signaling the company's commitment to its strategic goals without altering prior commitments.