S A Tech Software India Limited — Others, 11-11-2024: Utilisation of Funds

S A Tech Software India Limited has submitted a statement confirming that there are no deviations in the utilization of funds raised from its Initial Public Offer (IPO) of ₹23.01 crore. As of September 30, 2024, the company has utilized the proceeds for prepayment of borrowings and for working capital, with total expenses amounting to ₹20.55 crore, and has maintained adherence to its original objectives. An outstanding borrowing of ₹8 crore remains, allocated for repayment obligations. This report has been reviewed by the Audit Committee and approved by the Board.