HRH Next Services Limited — Others, 30-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

HRH Next Services Limited has confirmed there was no deviation in the use of funds raised through its IPO (Rs. 9.57 Cr) and Preferential Issue (Rs. 16.00 Cr). Proceeds were deployed as planned for expanding two call centres, investing in computer systems, working capital, and general corporate purposes. About Rs. 0.001 Cr from the IPO remains unutilized and is held in escrow. Auditors and the Audit Committee reviewed and approved the fund utilization, reinforcing confidence in the company’s disciplined capital management.