Rategain Travel Technologies Limited — Others, 07-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

RateGain Travel Technologies has provided an update on the utilization of funds raised through its Qualified Institutional Placement (QIP). The company confirmed no deviation or variation in the use of the QIP proceeds for the quarter ended June 30, 2025. A net amount of Rs. 586.29 Cr was raised through the QIP, primarily intended for strategic investments, acquisitions, and inorganic growth. The Audit Committee reviewed this statement, confirming the funds are being managed as initially planned. The net proceeds were slightly revised upwards by Rs. 0.14 Cr due to lower-than-estimated issue expenses, increasing the amount available for the stated object. This assures shareholders that QIP funds are being used as disclosed.