Apeejay Surrendra Park Hotels Limited — Others, 11-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Apeejay Surrendra Park Hotels Limited has confirmed that for the quarter ended September 30, 2024, there was no deviation in the utilization of proceeds from their ₹600 crore IPO raised in February 2024. This was reviewed by the Audit & Risk Management Committee, which noted that all funds were used as intended. The company's sound financial management may instill investor confidence as it indicates adherence to strategic objectives without changes in usage plans. This positive outlook could enhance shareholder sentiment amidst ongoing operational efforts.