Acceleratebs India Ltd — Updates, 26-05-2025: Company Update

AccelerateBS India Limited has confirmed there is no deviation in the use of proceeds from its equity share issuance in July 2023. The company raised ₹169.92 lakh, with net proceeds of ₹142.77 lakh after offer expenses. Of this, ₹94.28 lakh was utilized for long-term working capital and ₹27.49 lakh for general corporate purposes. The Audit Committee reviewed and approved the utilization, affirming alignment with the stated objectives, which reassures investors about disciplined fund management.