Sai Silks (Kalamandir) Limited — Others, 28-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Sai Silks (Kalamandir) Limited has announced a board meeting on January 28, 2025, confirming that there were no deviations or variations in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended December 31, 2024. The total amount raised was Rs 600 Cr, primarily allocated for opening new stores and working capital, with funds utilized amounting to Rs 367.04 Cr. This update suggests stable financial management and adherence to its strategic objectives, which could positively influence investor sentiment by reinforcing confidence in the company's operational integrity and financial health.