Shivalic Power Control Limited — Others, 15-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Shivalic Power Control Limited has submitted a statement confirming no deviations in the utilization of funds from its recent IPO of ₹64.32 Crore for the half-year period ended September 30, 2024. This statement, reviewed by the Audit Committee and board members, outlines that all funds raised were used as originally intended for working capital, capital expenditures, and corporate expenses. The absence of deviations may enhance investor confidence, suggesting robust governance and effective fund management. This transparency likely presents a positive outlook for shareholder interests moving forward.