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

Newjaisa Technologies has reported on the utilization of funds raised through its recent IPO and preferential issue as of September 30, 2024. The IPO raised ₹39.93 crore, with ₹39.01 crore utilized primarily for expanding manufacturing capacity and developing an upgraded ERP system. Additionally, the recent preferential issue raised ₹29.81 crore, with funds yet to be allocated. This update indicates proactive management in enhancing operational efficiency and capacity, which may positively influence investor sentiment by showcasing the company’s growth trajectory and effective capital deployment strategies.