Flair Writing Industries Limited — Others, 08-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Flair Writing Industries Limited reported that for the quarter ending September 30, 2024, there was no deviation in the utilization of IPO proceeds from the stated objectives in its prospectus. The total funds raised amounted to INR 5,930 million, with all allocated funds used accordingly for purposes such as setting up a new manufacturing facility and working capital. The Audit Committee reviewed the statement and noted no concerns.