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

Visaman Global Sales Limited has announced a board meeting to discuss the quarterly financial results for the quarter and half-year. The company has successfully utilized funds raised through its recent IPO, amounting to ₹16.05 crore without any deviations in their usage. Key allocations include ₹7.22 crore for capital expenditure on a new manufacturing facility in Rajkot and ₹7 crore for working capital. The management's adherence to its original funding objectives may strengthen investor confidence, reflecting a disciplined approach to capital allocation and operational growth. Investors may view this as a positive outlook for future expansion.