Newjaisa Technologies Limited — Others, 04-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Newjaisa Technologies Limited has announced a board meeting. The company has provided an update on the utilization of funds raised through its IPO and preferential issue. From the IPO proceeds of Rs. 3993.12 Lakhs, funds were deployed toward expanding its refurbishment facility, developing its new ERP 4.0 system to improve efficiency, launching comprehensive marketing campaigns across B2B and B2C channels, increasing asset purchases to optimize costs, working capital needs, repayment of bank facilities, infrastructure construction, and general corporate expenses including IPO costs. The preferential issue proceeds of Rs. 2981.16 Lakhs were mainly used for capital expenditure and general corporate purposes. There have been no deviations or modifications in the use of funds raised.