Please find attached herewith, statement of deviation indicating no deviation in the utilisation of IPO proceeds.
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Ace Alpha Tech Ltd has filed a compliance statement confirming no deviation in the utilization of IPO proceeds. The company raised Rs. 32.22 crore through its IPO (July 2025), comprising Rs. 24.48 crore from fresh issue and Rs. 7.74 crore from offer for sale. Funds have been deployed across three categories: Capital Expenditure (Rs. 7.16 crore utilized out of Rs. 12.50 crore allocated), Unidentified Acquisition and General Corporate Purposes (Rs. 8.12 crore), and Issue Related Expenses (Rs. 3.86 crore). A monitoring agency (CARE Ratings Limited) has been voluntarily appointed. The Audit Committee reviewed the statement and had no comments.
No deviation in IPO fund utilization is a positive signal for investors, indicating the company is deploying proceeds as per its stated objects in the prospectus. The partial capital expenditure utilization suggests ongoing deployment with remaining funds likely to be used in future periods.