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

Shigan Quantum Technologies Limited has submitted a statement of deviation in the utilization of funds from its preferential issue raised on 20th September 2023, amounting to ₹25.91 crores. For the half-year ending 30th September 2024, there were no deviations reported in fund usage, which aligns with the original allocation for automation and working capital. As of the reporting date, ₹7.53 crores have been utilized, with a remaining balance of ₹4.52 crores held in a designated account. This transparency and adherence to original funding objectives could foster a positive outlook among investors, reinforcing confidence in the company’s financial integrity.