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

Veritaas Advertising Limited confirmed there were no deviations in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended September 30, 2024. The company raised ₹8.48 crore netting ₹7.23 crore after expenses. The funds were allocated towards capital expenditures for establishing new police booths and traffic signal displays, as well as for general corporate purposes. This transparency reflects prudent financial management, likely enhancing investor confidence. The consistent funding strategies suggest a positive outlook for operational growth while maintaining shareholder interests.