Saraswati Saree Depot Limited — Others, 14-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Saraswati Saree Depot Ltd. has confirmed that for the quarter ended December 31, 2024, there was no deviation in the utilization of proceeds from its Initial Public Offer (IPO) amounting to Rs 1039.97 million. The Audit Committee reviewed this at its recent meeting, and the funds have been used as outlined in the IPO prospectus.

This consistent use of funds may enhance investor confidence, signaling effective financial governance. The absence of deviations suggests stability in the company's financial management, supporting a positive outlook for stakeholders.