Enser Communications Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Enser Communications Limited has provided a statement confirming no deviations or variations in the utilization of funds from its Initial Public Offer (IPO) for the half-year ended September 30, 2024. The Audit Committee has reviewed this statement, affirming that funds raised amounted to ₹161.7 crore, with ₹111.7 crore utilized across various objectives, including setting up a new service unit and working capital requirements. With the funds effectively allocated as planned, this clarity may bolster investor confidence regarding the company's fiscal discipline and operational integrity, creating a positive outlook for stakeholder interests.