Skipper Limited — Others, 06-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Skipper Limited has confirmed there were no deviations in the utilization of funds raised through its Rights issue of ₹199.18 crore for the quarter ended December 31, 2024. The Audit Committee reviewed this statement, which aligns with the original objectives outlined in the letter of offer. All raised funds were allocated as planned, primarily for working capital and general corporate purposes, reinforcing the company's financial management effectiveness.

From an investor perspective, this transparency may foster a positive outlook by highlighting the company’s commitment to adhering to its stated financial strategies, potentially mitigating risks associated with capital allocation.