Sai Silks (Kalamandir) Limited — Others, 04-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Sai Silks (Kalamandir) Limited reported no deviations or variations in the use of funds raised from its IPO during the quarter ending September 30, 2024. The Audit Committee and Board confirmed the proper allocation and utilization of the ₹600 Cr raised, aligning with the original objectives stated in the prospectus. The funds were allocated for setting up new stores, warehouses, working capital, loan repayments, and general corporate purposes.