Please find attached herewith, the Statement of Deviation indicating no deviation in the utilisation of Issue Proceeds.
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Ace Alpha Tech Ltd has confirmed that there is no deviation or variation in the use of IPO proceeds as originally disclosed. The company raised Rs. 32.22 crore on July 1, 2025 (Rs. 24.48 crore fresh issue + Rs. 7.74 crore offer for sale). As of September 30, 2025, Rs. 610 lakhs has been utilized for General Corporate Purposes and Unidentified Acquisition, Rs. 363.15 lakhs for issue-related expenses, while the Rs. 1,250 lakhs earmarked for Capital Expenditure is currently parked in Fixed Deposits with a bank. CARE Ratings is acting as the monitoring agency, and the Audit Committee reviewed and approved the statement with no comments.
This is a routine compliance filing confirming the company is using its IPO money as promised to investors. The temporary parking of capital expenditure funds in fixed deposits is normal while deployment plans are finalized. No negative implications for shareholders; signals disciplined fund management.