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

EMS Limited has confirmed there has been no deviation in the utilization of funds raised through its IPO, amounting to ₹146.24 crore. This statement, reviewed by the Audit Committee, indicates that all funds have been allocated as originally planned, with major allocations towards working capital and corporate expenses reported accurately. The absence of discrepancies maintains the integrity of financial management and reassures investors regarding operational efficiency. Overall, this should foster a positive outlook among investors, reinforcing confidence in the company's governance and financial health.