Aprameya Engineering Limited — Others, 19-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

The Board of Aprameya Engineering Limited has approved the half-yearly financial results for the period ending 30th September 2024, reporting a total income of ₹9.55 crore and a net loss of ₹1.73 crore. The meeting also addressed the utilization of IPO proceeds, confirming that ₹24.73 crore net of expenses has been allocated primarily for working capital and general corporate purposes, with unutilized funds temporarily placed in short-term deposits.

This update indicates ongoing financial challenges while highlighting management's commitment to effectively utilize raised funds. For investors, this signals potential risks but also reflects a strategic approach to capital management, suggesting a cautious but constructive outlook for the company moving forward.