Essen Speciality Films Limited — Others, 24-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Essen Speciality Films Limited has submitted a statement confirming that for the quarter ended December 31, 2024, there was no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). The total funds raised amount to ₹50.28 crore, with allocations strictly adhering to the objectives stated in the prospectus from July 3, 2023. The Audit Committee has reviewed this statement, noting no concerns. This update reinforces financial discipline and may foster a positive outlook among investors, underscoring management’s commitment to transparency and effective fund utilization.