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

Ashapura Logistics Limited has reported that it raised ₹52.66 crore through its SME IPO, with fund allocation verified for the half-year ended September 30, 2024. There were no deviations in the use of these funds. Key allocations include ₹16.39 crore for warehouse construction and ₹12.72 crore for vehicles and equipment, with additional amounts held in fixed deposits. The amount earmarked for general corporate purposes and expenses is also outlined. This clarity enhances investor confidence, signaling effective fund management and potential operational stability, positively influencing investor sentiment moving forward.