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

Tapi Fruit Processing Limited has submitted its Statement of Deviation under SEBI regulations concerning funds raised through a preferential issue of ₹3.942 crore and equity warrants amounting to ₹0.803 crore. The company confirms there are no deviations in the use of these funds for the period ending September 30, 2024. Most of the raised amounts have been allocated for capital expenditures and working capital, with an unutilized surplus invested in liquid funds. This clarity around fund utilization may foster a positive outlook among investors, highlighting prudent financial management and strategic allocation of resources.