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

Womancart Limited has provided a statement regarding the utilization of funds from its preferential issue of equity shares and convertible warrants, confirming no deviations from the intended use. The company raised ₹1,787.96 Lacs out of a total targeted amount of ₹4,301.82 Lacs during the first half of FY24, primarily for working capital, marketing expenditure, warehouse development, and general corporate purposes.

This update reinforces financial discipline and effective capital allocation, which could enhance investor confidence. While the current fund utilization is under control, investors may remain cautious about the overall fundraising target and the company’s future financial performance.