Newjaisa Technologies Limited — Others, 02-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Newjaisa Technologies Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has utilized Rs. 39.01 Cr of the Rs. 39.93 Cr raised through its IPO primarily for expanding manufacturing capacity with a new 34,000 sq.ft. facility, developing the upgraded ERP 4.0 system, launching extensive B2B and B2C marketing campaigns, meeting working capital needs, repaying bank facilities, and general corporate purposes including IPO expenses. Additionally, Rs. 29.81 Cr raised via a preferential issue remains unutilized as of now with funds earmarked for capital expenditure and general corporate uses.