Shree Karni Fabcom Limited — Others, 12-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Shree Karni Fabcom Limited has confirmed that there were no deviations in the utilization of proceeds from its Initial Public Offer (IPO) for the half-year ended September 30, 2024. The total raised amount was ₹42.49 crore, allocated for capital expenditure, purchasing new machinery, working capital needs, and general corporate purposes, all adhering to the original objectives stated in the prospectus.

This clarity on fund utilization reinforces the company’s operational integrity and financial health, which may bolster investor confidence. The consistent application of IPO proceeds could present a positive outlook, particularly as the firm focuses on expanding its product portfolio and enhancing production capabilities in Gujarat.