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

Holmarc Opto-Mechatronics has submitted its statement regarding the utilization of proceeds from its public issue for the half-year ending 30th September 2024. The company raised ₹11.40 crore, primarily allocated for capital expenditure, working capital, and issue-related expenses, with no deviations reported in the utilization of these funds. The Audit Committee reviewed this statement, reinforcing a consistent approach in fund management. This clarity may bolster investor confidence, suggesting sound management practices and a positive outlook for accountability in financial operations.