Please find enclosed herewith Statement of Deviation or Variation for the half year and financial year ended March 31, 2025
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Awaiting price reaction for this filing.
Acceleratebs India has filed its half-yearly statement confirming that there is no deviation or variation in the use of proceeds from its July 2023 public equity issue. The company raised gross proceeds of Rs. 1.70 crore, with net proceeds of Rs. 1.43 crore after issue expenses of Rs. 27.15 lakh. Of the net proceeds, Rs. 1.22 crore has been utilized so far — Rs. 94.28 lakh for long-term working capital and Rs. 27.49 lakh for general corporate purposes. The Audit Committee reviewed the statement on May 26, 2025 and had no comments, and auditors also raised no objections.
This is a routine compliance filing under SEBI's Regulation 32 and does not materially affect the stock price. The confirmation of no deviation is a positive governance signal, showing IPO funds are being used as originally disclosed. About Rs. 21 lakh remains unutilized and will need to be deployed per stated objects.