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

Delhivery has announced a board meeting to review the statement of deviation in utilization of IPO funds for the quarter ended September 30, 2024. The company confirms that there was no deviation in how the IPO proceeds, amounting to ₹3,886.30 crore after expenses, were utilized. The funds were managed in alignment with the original objectives outlined in the prospectus. This clarity may foster a positive outlook among investors, reinforcing confidence in the company's financial discipline and operational strategy. Unused portions of the proceeds were temporarily invested in fixed deposits, indicating prudent cash management.