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

DocMode Health Technologies Limited has confirmed there are no deviations or variations in the utilization of funds from its Initial Public Offer (IPO). The company raised ₹671.18 crore and has used the proceeds as originally intended, primarily for IT infrastructure and working capital. The Audit Committee reviewed and reported no discrepancies as of September 30, 2024.

This stability in fund utilization reflects positively on the company's financial governance, potentially boosting investor confidence. Maintaining transparency in fund management can enhance credibility and support future capital-raising efforts, representing a promising outlook for stakeholders.