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

Net Avenue Technologies Ltd has announced a board meeting to review the Statement of Deviation for the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended September 30, 2024. The IPO raised ₹10.25 crore, with an Audit Committee confirming that the proceeds are being utilized for their intended purposes without deviation. This transparency may boost investor confidence and suggests effective management of the company’s financial resources. With no reported deviations from the planned use of funds, investor sentiment may be favorable, reflecting a solid operational footing.