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

Deccan Transcon Leasing Ltd. has announced a board meeting to review the statement of deviation in the utilization of funds raised through its IPO. For the quarter ended September 30, 2024, there was no deviation in the use of the IPO proceeds, totaling ₹51.83 crore. The Audit Committee confirmed that the funds were utilized as intended across capital expenditures, working capital, and general corporate purposes. This transparency may foster investor confidence, reflecting a positive outlook as the company adheres to its stated financial objectives.