C P S Shapers Limited — Others, 13-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

CPS Shapers Limited has submitted a Statement of Deviation or Variation regarding the use of funds raised through its Initial Public Offer (IPO) in September 2023, amounting to ₹11.10 crore. The report indicates no deviation in fund utilization for the half-year period ended September 30, 2024. Key allocations included working capital, purchase of machinery, IT software upgrades, and IPO expenses. The absence of deviations suggests effective fund management, which may enhance investor confidence. Overall, this positions the company favorably in terms of financial transparency, leaving a positive outlook for shareholder interests.