Speciality Restaurants Limited — Others, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Speciality Restaurants Limited has confirmed that there has been no deviation in the use of funds raised through the preferential issue of convertible warrants during the quarter ended December 31, 2024. A total of ₹52.14 crore was raised, and the funds are being utilized according to the originally stated objectives, primarily for upgrading existing restaurants and developing new locations. The Audit Committee reviewed and approved the Nil Statement of Deviation, indicating adherence to plans. This oversight could bolster investor confidence, suggesting a disciplined approach to fund management with a positive outlook on strategic growth initiatives.