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

Ducon Infratechnologies Limited has announced a board meeting to discuss the statement of no deviation in the utilization of funds raised through its recent rights issue, amounting to ₹4548.96 crore, for the quarter ended 30th September 2024. The update confirms that funds have been utilized according to the initial objectives stated in the offering document, indicating robust financial governance and no need for deviations. This clarity enhances investor confidence in the company's financial management, suggesting a positive outlook as it continues to adhere closely to its capital allocation strategy.