EMS Limited — Others, 24-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

EMS Limited has announced a board meeting concerning the Statement of Deviation or Variation in the utilization of funds raised through its recent public issue. For the quarter ending December 31, 2024, the company confirmed that there has been no deviation in the use of the ₹146.24 crore raised, which was allocated for working capital, general corporate purposes, and issue-related expenses. This steady adherence to the intended use of funds may bolster investor confidence, suggesting effective management practices and maintaining a positive outlook on the company’s financial strategy.