Syrma SGS Technology Limited — Others, 15-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Syrma SGS Technology has announced a board meeting to review the financial results for the quarter and half-year. The company raised INR 840.13 Cr through its IPO, allocating funds for R&D facility development, working capital, and corporate purposes. It has spent INR 303.75 Cr on R&D, INR 131.51 Cr on working capital, and INR 190 Cr on general corporate expenses, consistent with its initial plans. This disciplined capital deployment supports the company’s growth and operational strategies, reflecting strong financial governance.