Barflex Polyfilms Limited — Others, 17-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Barflex Polyfilms Limited has announced a board meeting to review the utilization of its IPO proceeds. The company raised ₹12.31 Cr through the public issue and has used ₹4.9991 Cr, primarily for additional plant and machinery (₹3.4926 Cr) and issue expenses (₹1.5065 Cr). The remaining ₹7.3109 Cr is kept in fixed deposits. There has been no deviation from the stated use of funds, highlighting disciplined capital allocation and reinforcing investor confidence.