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

Indian Emulsifiers Limited confirms there are no deviations in the use of proceeds from its Initial Public Offering, totaling ₹12.39 crore. The funds will be utilized as detailed in the prospectus issued on May 17, 2024, specifically for capital expenditures, including the purchase of equipment and installation costs. The Audit Committee reviewed this statement, and no comments were noted, indicating stable financial governance. This clarity should bolster investor confidence, reflecting a positive outlook as the company adheres to its strategic funding goals without deviations.