Systango Technologies Limited — Others, 29-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Systango Technologies has confirmed that its IPO proceeds of Rs. 34.82 Cr have been utilized as planned across strategic investments, subsidiaries, working capital, corporate purposes, and issue expenses. Actual issue expenses were Rs. 3.98 Cr, slightly above the initial estimate of Rs. 3.39 Cr, but consistent with the company’s outlined activities. This disciplined use of funds highlights effective capital management, supporting ongoing operations and strategic growth without affecting shareholder value.