Saraswati Saree Depot Limited — Others, 12-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Saraswati Saree Depot Ltd. has confirmed that there were no deviations in the utilization of funds raised through its IPO for the quarter ended September 30, reflecting adherence to the stated objectives in the prospectus. The amount raised was ₹10 crore (cr), which has been monitored by CRISIL Ratings Limited. The Audit Committee reviewed the utilization report and noted no concerns. This clarity can enhance investor confidence, illustrating effective management oversight and financial discipline, potentially leading to a positive outlook for the company’s governance and future operations.