Baazar Style Retail Limited — Others, 28-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Baazar Style Retail Limited confirms that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended December 31, 2024. The company successfully raised ₹148 crore with oversight from CARE Ratings Limited, and the Audit Committee provided no comments regarding any discrepancies. This consistency in fund utilization may enhance investor confidence as it reflects prudent financial management and adherence to the intended objectives of the IPO, contributing to a positive outlook for shareholder value.