Unilex Colours and Chemicals Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Unilex Colours and Chemicals Limited has provided a statement regarding the utilization of funds raised through its recent Initial Public Offer (IPO). The company raised ₹3,132 crore, with no deviations in the use of the funds reported as of September 30, 2024. Acknowledging the initial intentions for working capital, debt repayment, and general corporate purposes, all specified allocations have been maintained.

This update supports a stable financial outlook for the company, potentially boosting investor confidence by assuring adherence to the planned fund utilization strategy without deviations. The clarity in fund management can create a positive sentiment in the market.