Akanksha Power and Infrastructure Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Akanksha Power and Infrastructure Ltd. has announced a board meeting to review the statement on fund utilization related to their Initial Public Offer (IPO). For the six months ending September 30, 2024, the company reported no deviations in the utilization of ₹27.48 crore raised during the IPO. The Audit Committee has reviewed this statement, confirming that funds were allocated primarily for capital expenditure, working capital requirements, and general corporate purposes, all within permissible limits. This transparency may enhance investor confidence as it reflects prudent fiscal management, potentially fostering a positive outlook among shareholders.