TAC Infosec Limited — Others, 28-04-2025: Statement of deviation(s) or variation(s) under Reg. 32

TAC Infosec Limited has announced a board meeting to review the statement of deviation in the utilization of funds raised through its Initial Public Offer for the half-year ending March 31, 2025. The company raised approximately ₹29.99 crore through its SME IPO, completed on April 3, 2024. The Audit Committee has confirmed that there is no deviation in the use of these funds.

This consistent utilization supports TAC Infosec’s strategic objectives, indicating effective fund management that could positively influence investor sentiment by demonstrating operational transparency and strong governance. Investors may view this as a reinforcement of the company’s commitment to its growth plans.