Solve Plastic Products Limited — Others, 08-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Solve Plastic Products Limited has provided a report on the utilization of funds related to its initial public offer (IPO) as of September 30, 2024. The report indicates that the funds are appropriately aligned with the company’s stated objectives in the prospectus, covering capital expenditures and working capital requirements. The management claims compliance with regulatory requirements and confirms that any shortfalls will be met via internal accruals, with unutilized proceeds temporarily held in bank accounts.