Vedavaag Systems Limited has announced a board meeting to review the financial results for the quarter and half-year.

The company confirmed there has been no deviation or variation in the utilization of proceeds amounting to ₹1.38 Cr raised through a preferential issue of convertible warrants.

Funds were deployed as planned, primarily for financing future growth opportunities and working capital needs.

The Audit Committee and Board have reviewed and approved this status, ensuring transparent and proper use of the capital raised, which supports the company’s operational and expansion objectives.