R K Swamy Limited — Others, 13-11-2024: Statement of deviation(s) or variation(s) under Reg. 32
13-11-2024 | 02:02 pm
13-11-2024 | 02:02 pm
R K SWAMY Limited has confirmed there are no deviations in the utilization of funds raised through its IPO, amounting to ₹423.56 crore, for the quarter ended September 30, 2024. This assurance, reviewed by the Audit Committee and acknowledged by the Board, reflects a disciplined approach to capital allocation. The majority of funds, approximately ₹92.11 crore, have been fully utilized for working capital and general corporate purposes, supporting operational stability. Investors can view this as a positive outlook, indicative of effective financial management and adherence to strategic goals.
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