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

Slone Infosystems Limited has submitted its Statement of Deviation for the half-year ending September 30, 2024, confirming no deviation or variation in the use of proceeds from its Initial Public Offer (IPO). The total amount raised was ₹11.06 crore, with allocations primarily for capital expenditures and repayment of borrowings, all utilized as originally planned. This consistency indicates strong financial discipline and strategic use of funds. Investors may see this as a positive outlook for governance and operational transparency, reinforcing confidence in the company’s management practices.