DCG Cables & Wires Limited — Others, 11-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

DCG Cables & Wires Limited has announced a board meeting to review the Statement of Deviation or Variation in the utilization of IPO proceeds for the half-year ended September 30, 2024. The company confirmed that there has been no deviation in the use of funds as outlined in the IPO prospectus, with a total of ₹49.99 crore fully utilized for its originally stated purposes: working capital, capital expenditure, general corporate purposes, and issue-related expenses.

This consistent utilization could signal strong governance and may positively influence investor sentiment, as it reflects effective management of resources and adherence to commitments made during the IPO process.