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

MOS Utility Limited has confirmed that there was no deviation in the utilization of proceeds from its public issue, amounting to ₹43.885 crore, for the half-year ending September 30, 2024. All funds have been fully allocated as per the original objects outlined in the prospectus. The Audit Committee supports this finding, noting full compliance with the planned allocations for working capital, general corpus, and IPO expenses.

This clarity may enhance investor confidence, signaling effective fund management and strategic adherence, which bodes well for the company’s governance and operational integrity. Overall, this update presents a positive outlook for stakeholders.