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

Energy-Mission Machineries (India) Limited has submitted its Statement of Deviation in utilizing the proceeds from its Initial Public Offer (IPO) for the half-year ended September 30, 2024. The company raised ₹41.15 crore through the IPO, reviewing the fund allocation with the Audit Committee and recording it in the board meeting. There are no deviations noted in the use of funds, indicating effective utilization in line with the objectives stated in the prospectus. This clarity in financial management could foster a positive outlook among investors regarding the company’s commitment to transparency and operational efficiency.