Monarch Networth Capital Limited — Others, 12-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Monarch Networth Capital Limited has confirmed that there have been no deviations in fund utilization from the objectives stated in the preferential issue offer document. The funds raised amounting to ₹300.213 crore have been fully allocated for the intended purposes without any discrepancies. Consequently, the statement of deviation is not applicable going forward. This clarity reinforces investor confidence in the company’s financial governance, presenting a positive outlook as the firm effectively manages its capital allocation without straying from its planned financial strategy.