Syrma SGS Technology Limited — Others, 25-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Syrma SGS Technology has provided an update on the utilization of funds raised from its August 2022 Initial Public Offer, which totaled INR 840.13 Cr (including a INR 766.00 Cr fresh issue). For the quarter ended June 30, 2025, the company reported no deviation or variation in how these funds were used. Funds for capital expenditure, with an original allocation of INR 403.00 Cr, show INR 317.21 Cr utilized, with the remaining balance to be spent as per the proposed schedule. This indicates the company is on track with its fund deployment.