Libas Consumer Products Limited — Others, 20-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Libas Consumer Products Limited has announced a board meeting to review the Statement of Deviation or Variation regarding the utilization of funds raised through its Right Issue, confirming that there has been no deviation from the stated objectives. The company raised INR 1,827.96 cr between September and October 2022, primarily for working capital and marketing the “KNG” innerwear brand. This update suggests efficient fund management and aligns with shareholder expectations, fostering a positive outlook for investor sentiment as the company adheres to its financial strategy.