Kuberan Global Edu Solutions has informed that it enclosed the Statement of Deviation or Variation in utilization of funds raised through Initial Public Issue by the Company in FY 2021-22 respectively under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the quarter ended December 31, 2022. Further note, that as per Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 every listed entity is required to file statement of deviation(s) or variation(s) till such time the issue proceeds have been fully utilised or the purpose for which these proceeds were raised has been achieved. Therefore, the Company which has raised fund on May 05, 2021 (filed return of allotment) and utilised the fund in the same financial year before March 31, 2022, as the funds was fully utilised in the same Year the company as good Corporate Governance practice is filing the same for records.
