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

Deccan Transcon Leasing Ltd. has announced a board meeting to review the utilization of IPO proceeds. The company raised Rs. 59.66 Cr through a fresh issue and Rs. 5.40 Cr via offer for sale. Funds earmarked for tank container procurement (Rs. 27.75 Cr), working capital (Rs. 11.50 Cr), and general corporate purposes (Rs. 12.59 Cr) were largely spent as planned, with Rs. 1.26 Cr still pending for tank containers. The audit committee and auditors confirmed no deviation in fund usage, ensuring transparency and adherence to stated objectives.