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

Akiko Global Services has submitted its Statement of Deviation and Variation for the quarter ended September 30, reflecting the use of INR 2,311.23 cr raised through a public issue on July 2. The Audit Committee has confirmed no deviations in the utilization of funds, which include expenditures on an ERP solution, mobile app development, and general corporate purposes. As of the end of September, INR 681.90 cr remains unutilized. This consistent adherence to the planned use of funds may bolster investor confidence, suggesting a disciplined approach to capital deployment.