EPACK Durable Limited — Others, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32
31-01-2025 | 07:26 pm
31-01-2025 | 07:26 pm
EPACK Durable Limited has confirmed that during the quarter ended December 31, 2024, there was no deviation in the utilization of IPO proceeds, totaling ₹378.465 crore. This statement, reviewed by the Audit Committee, assures adherence to the objectives outlined in the prospectus dated January 24, 2024. The company has effectively allocated funds for capital expenditure, loan repayments, and general corporate purposes without variances.
This clarity may positively influence investor sentiment, reinforcing confidence in the firm's governance and financial health. The absence of deviations suggests prudent financial management, positioning EPACK favorably for future growth.
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