Ironwood Education Limited confirmed the utilization of funds raised through its preferential issue, stating there was no deviation or variation from the original objectives.

The company raised Rs. 7.70 Cr for purposes like investing in future growth opportunities, business expansion, real estate, and working capital for its education business.

The Audit Committee reviewed and noted that there was no deviation in the utilization of the Rs. 7.37 Cr deployed to date.

This update assures shareholders regarding transparent fund management.