Jay Jalaram Technologies Limited — Others, 12-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Jay Jalaram Technologies Limited has shared that there is no deviation in the utilization of proceeds from its preferential issue of equity shares and warrants, which raised ₹32.22 crore. The funds have been fully allocated for the intended purposes outlined during the Extraordinary General Meeting. This announcement indicates strong financial discipline and effective fund management, potentially enhancing shareholder confidence. Investors may view this transparent approach positively, as it signals the company's commitment to adhering to its strategic plan without any unexpected changes in fund usage.