Magson Retail And Distribution Limited — Others, 25-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Magson Retail and Distribution Limited submitted a Statement of Deviation/Variation in fund utilization from its Initial Public Offer for the half year ending September 30, 2024. The company raised Rs. 13.74 crore, with no deviations reported in fund usage. Funds were allocated for setting up new stores, working capital, and corporate purposes, but most are unutilized for the franchise model. The Audit Committee reviewed the statement, and auditors reported no discrepancies.