Akshar Spintex Limited — Others, 15-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Akshar Spintex Limited has announced a board meeting regarding the statement of deviation in utilizing funds raised through its rights issue, which totaled ₹48.74 crore. For the quarter ended December 31, 2024, there were no deviations in the use of these funds. The original allocations have been maintained for their intended purposes, with some funds unutilized. The request for consideration of the revised statement reflects the company's intent to ensure clarity and maintain investor confidence. Overall, this update suggests stability in financial management, which could foster a positive outlook among investors.