Swaraj Suiting Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Swaraj Suiting Limited has announced a board meeting to confirm that there is no deviation in the use of proceeds from the allotment of 28,98,000 equity shares on March 30, 2024, 3,31,000 shares on August 27, 2024, and 1,79,000 shares on September 10, 2024, totaling ₹11.80 crore. The audit committee, which reviewed the statement, highlighted that all funds have been utilized as per the original objectives. This clarity on fund usage may foster investor confidence, reflecting a positive outlook as the company adheres to its expansion and working capital plans.