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

Divgi TorqTransfer Systems has submitted a statement confirming no deviations in the utilization of funds from its Initial Public Offering of ₹180 crore for the quarter ended September 30, 2024. The funds raised are being used in alignment with the original objectives set forth during the IPO. This clarity reinforces the company's commitment to financial integrity and strategic intent. Investors may view this as a positive outlook, reflecting stable governance and effective fund management, which could bolster confidence in the company’s operational consistency moving forward.