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

Marvel Decor Limited has announced a board meeting to review the statement of deviation in the utilization of funds raised through the preferential issue of equity shares, confirming that there has been no deviation for the half-year ended September 30, 2024. A total of ₹805.00 lac was raised, with funds allocated for new product additions, working capital, and general corporate purposes, all adhering to the original objectives. This clear alignment suggests robust financial management, potentially fostering investor confidence and presenting a positive outlook as the company continues on its strategic path without deviations in fund utilization.