Z-Tech (India) Limited — Others, 13-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Z-Tech (India) Limited has reported that there is no deviation in the utilization of funds raised through its public issue, which garnered Rs 3730.32 crore. The allocated amounts were effectively managed, with Rs 1768.81 crore remaining unutilized from the expected allocation for working capital, corporate purposes, and issue expenses. This confirms the company's adherence to project objectives, reflecting positively on management's fiscal discipline. Investors may view this as a signal of effective fund management, contributing to a positive outlook on the company’s operational efficiency and governance practices.