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

Addictive Learning Technology Limited has disclosed deviations in the utilization of funds from its recent public issue, having raised ₹57.91 crore. The proceeds were initially earmarked for usage within FY 2023-24; however, the company reported that these funds have not been fully utilized and will instead be deployed in FY 2024-25. The Audit Committee has reviewed the statement, which is aligned with the prospectus but indicates a shift in timing. Investors may view this as a cautious approach, though it could prompt concerns regarding the company’s operational pace moving forward.