MAS Financial Services Limited — Others, 23-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

MAS Financial Services Limited reported that all proceeds from its recent Qualified Institutional Placement (QIP) of ₹500 crores have been utilized according to the specified objectives without any deviations for the quarter ended September 30, 2024. The Audit Committee confirmed that ₹480 crores were utilized, while ₹20 crores were allocated for expenses, with an actual expenditure of ₹15.3 crores. The remaining ₹4.7 crores will also be used for the intended purposes.