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

Jeyyam Global Foods Limited has shared the Statement of Deviation or Variation in the utilization of funds raised through its IPO for the half-year ending September 30, 2024. The IPO raised ₹81.93 Crores, with ₹73.74 Crores from the fresh issue. After deducting expenses, the net proceeds stood at ₹64.92 Crores. Notably, there has been no deviation in the use of these funds, with expenditures aligned with initial allocations. The Audit Committee's review confirmed this adherence, reinforcing a stable operational posture. Investors might view this as a positive outlook due to the prudent fund management.