Essen Speciality Films Limited — Others, 05-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Essen Speciality Films Limited has confirmed full utilization of the Rs. 50.28 Cr raised through its IPO, with funds deployed as planned across offer expenses, repayment of borrowings, working capital, and general corporate purposes. The Audit Committee reviewed the utilization and found no deviations, reinforcing transparency and efficient capital use, which is positive for shareholder confidence.