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

Net Avenue Technologies Ltd has confirmed no deviation in the use of funds raised through its IPO of Rs.10.25 Cr. Around Rs.4.71 Cr has been utilized for working capital, corporate expenses, issue costs, and customer acquisition, with the remainder invested in fixed deposits, mutual funds, and an overdraft facility. The fund utilization has been audited and certified without any observations, reflecting disciplined financial management in line with the company’s stated plans—supporting operational stability and growth initiatives.