ALPHA TRIBE

Urja Global LimitedOthers, 14-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

14-01-2025 | 05:47 pm

URJA Global Limited has confirmed that there are no deviations or variations in the utilization of funds raised through its Rights Issue. The proceeds, amounting to ₹5.29 crore, have been fully allocated as per the original objectives outlined in the Letter of Offer dated January 8, 2021. This affirmation was reviewed by the Audit Committee and the Board during meetings held on January 13, 2025.

This transparency may enhance investor confidence, suggesting a disciplined approach to fund management. Maintaining alignment with stated objectives can be viewed positively, potentially mitigating risks associated with misallocation of resources and reinforcing shareholder trust.

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