Statement of Deviation for the quarter ended 30th June, 2025
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Ampvolts Ltd (formerly Quest Softech India Ltd) has filed a quarterly compliance statement confirming that there has been no deviation or variation in the use of funds raised through a Rights Issue (partly-paid up) of Rs. 48 crore, which was conducted on 23 February 2024. The statement, covering the quarter ended 30 June 2025, was reviewed and approved by the Audit Committee and Board at their meeting held on 13 August 2025. Since there is no deviation, details on modified objects, shareholder approvals, audit committee comments, and auditor observations are not applicable. The filing is signed by Managing Director Vipul Chauhan.
This is a routine regulatory disclosure confirming the company has used its rights issue proceeds as originally intended. For shareholders, it is a neutral-to-positive signal indicating fund deployment discipline and good governance, with no material change to the business outlook.