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

Dhani Services Limited has announced a board meeting to discuss the statement of deviation for the quarter ended September 30, 2024. Notably, no funds were raised through the Rights Issue during this period, resulting in no deviation regarding the utilization of proceeds. The Audit Committee reviewed and approved the statement for submission without any comments. This clarity on fund utilization reinforces the company’s financial discipline, which could instill confidence among investors, indicating a stable approach despite previous capital-raising attempts. Overall, this situation presents a neutral impact on investor sentiment, as adherence to stated purposes for funds is positive.