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

Ritco Logistics Limited has submitted a Statement of Material Deviations, confirming that there are no material deviations in the use of proceeds from their recent equity share issues. The company raised ₹48.18 crore through a public issue in February 2019 and ₹99.99 crore via a preferential issue in July 2024. The recent report for the quarter ended September 30, 2024, indicates that the funds have been utilized according to the objectives stated in the original offer documents. This update may foster a positive outlook among investors, reinforcing confidence in the company's financial governance and fund management.