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

Salasar Techno Engineering Limited has released a Statement detailing the use of proceeds from its preferential issue of 11,57,43,890 Equity Shares and 8,61,80,000 Convertible Warrants, totaling ₹290.77 crore. For the quarter ended September 2024, ₹232.27 crore has been utilized, with funds earmarked primarily for acquisitions and working capital. No deviations in fund usage were reported, reflecting sound financial management. Investors may view this as a positive outlook, indicating the company is on track with its strategic objectives and effectively managing allocated resources.