Thaai Casting Limited — Others, 15-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Thaai Casting Limited has stated that there were no deviations or variations in the utilization of funds raised from its Initial Public Offering (IPO) for the half-year ending September 30, 2024. The Audit Committee and Board confirmed this outcome in their respective meetings. The IPO, which raised ₹4,720 lakh, has been fully allocated according to the original purposes: capital expenditure, general corporate purposes, and issue expenses, all amounting to the stated total with no unutilized funds. This clarity may bolster investor sentiment by showcasing effective fund management and adherence to planned allocations, suggesting a positive outlook for operational integrity.