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

IKIO Lighting Limited has announced a board meeting to review the utilization of funds raised through its IPO. For the quarter ended September 30, 2024, there was no deviation in the use of these funds from the objectives stated in the Prospectus. The total funds raised amounted to INR 606.5 crore, which includes a fresh issue of INR 350 crore. This consistency suggests prudent fund management and aligns with investor interests. The update may be seen as a positive outlook, reinforcing confidence among stakeholders in the company's operational integrity and governance.