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

Sanstar Limited has confirmed that there have been no deviations in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended September 30, 2024. The amounts utilized align with the objectives stated in the Prospectus dated July 24, 2024, with a total of ₹397.10 crore raised. The Audit Committee has reviewed this statement, affirming no concerns. This transparency may enhance investor confidence, portraying a disciplined approach to fund management, and potentially contributing to a positive outlook for future financial performance.