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Ironwood Education confirmed no deviation in the use of funds raised from its preferential issue of equity shares. The company raised 2.0772 Cr through the allotment of 5.77 lakh shares, which was a portion of a larger board-authorized preferential issue up to 4.0248 Cr. The Audit Committee reviewed the fund utilization and confirmed that the money was used for its intended purposes, such as growth opportunities, business expansion, and working capital. This ensures transparent and accountable deployment of capital raised from investors.