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

Shankara Building Products has announced a board meeting to discuss the status of funds raised through a preferential issue. The company confirms that there have been no deviations or variations in the use of these proceeds, meaning the Statement of Deviation doesn't apply. This assurance could bolster investor confidence, highlighting financial integrity and effective capital management. It positions the company as compliant and transparent, reducing potential risks associated with fund mismanagement and reinforcing a positive outlook for shareholders.