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

Chavda Infra Limited has announced a board meeting regarding their compliance with SEBI regulations, confirming no deviation in the utilization of funds raised from their recent IPO. A total of ₹43.26 crore was raised, with ₹41.29 crore utilized for working capital, general corporate purposes, and related expenses. The audit committee has reviewed the utilization, demonstrating efficient adherence to stated objectives. This transparency may bolster investor confidence, suggesting a positive outlook for the company as it maintains financial discipline and operational integrity.