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

SAMHI Hotels 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 2024. The company raised ₹1,370.10 crore, with no deviations noted in fund usage during the quarter. The total funds allocated for General Corporate Purposes (GCP) now stand at ₹1,142.07 crore, slightly adjusted to reflect actual expenses from the estimated costs. This clarity on fund utilization reinforces investor confidence, indicating effective financial management, while the minor adjustment may present a positive outlook for future operational flexibility.