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

Quicktouch Technologies Limited has announced a board meeting to review the Statement of Deviation or Variation in the utilization of funds from the preferential issue of equity shares. The company raised ₹45.67 crore for various projects, including the development of its payment aggregator application and strengthening its technological infrastructure. There has been no deviation in the use of funds from the stated objectives, as confirmed by the Audit Committee. The remaining unutilized funds of ₹14.87 crore are expected to be utilized in upcoming quarters, reinforcing a positive outlook for operational execution.