Esprit Stones Limited — Others, 13-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Esprit Stones Limited has confirmed that there have been no deviations or variations in the use of proceeds from its recent IPO, which raised ₹50.35 crore. The company’s management, through an auditor's certification, stated that funds were utilized as outlined in the offer document, primarily for working capital and investment in its subsidiary, Haique Stones Private Limited. This clarity on fund utilization may enhance investor confidence and provide a positive outlook on the company's governance practices, suggesting fiscal responsibility and alignment with strategic objectives.