Allcargo Gati Limited — Others, 07-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Allcargo Gati Limited reported that funds raised through a Qualified Institutional Placement (QIP) totaling INR 169.28 crores have been utilized as originally intended. The funds were directed towards repaying borrowings, enhancing operating units, and developing proprietary technology, with no deviations noted in their allocation. The company confirmed that expenses took INR 8.16 crores from the gross proceeds, resulting in net proceeds of INR 161.12 crores.