Siddhika Coatings Limited — Others, 16-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Siddhika Coatings Limited has confirmed that the Rs 4.70 Cr raised through its IPO has been fully utilized as intended, with no deviations from the original plan. This disciplined use of funds supports the company’s growth strategy in paint contract manufacturing and reinforces investor confidence in its capital management.