Statement of Deviation and Variation for the year ended on 31st March 2025
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Vedant Asset Ltd has filed a compliance statement with BSE (SME platform) confirming that there are no deviations or variations in the use of funds raised through its Initial Public Offer (IPO) for the financial year ended 31st March 2025. The company states that IPO proceeds have been utilised strictly in line with the objects disclosed in the Prospectus filed at the time of the issue. This filing is made under Regulation 32 of SEBI Listing Regulations, read with SEBI's circular dated December 24, 2019, which mandates listed companies to disclose any deviation or variation in the use of issue proceeds. The statement has been signed by Lallit Tripathi, Managing Director (DIN: 07220161), on 29th May 2025.
This is a routine compliance disclosure with no material impact on shareholders. It reassures investors that the company has not diverted IPO funds to unintended purposes, which is a positive signal of corporate governance and fund deployment discipline.