Ideaforge Technology Limited — Others, 22-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

ideaForge Technology's Audit Committee has confirmed no deviation in how the company utilized its Rs 567.245 Crore IPO proceeds for the quarter ended June 30, 2025. This positive update provides confidence to retail investors, showing that funds raised through the IPO are being deployed exactly as outlined in the prospectus for objectives such as debt repayment, enhancing working capital, and investing in product development. It underscores the company's commitment to financial discipline and transparency in managing shareholder capital.