Ducol Organics And Colours Limited — Others, 23-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Ducol Organics and Colours Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company raised INR 31.51 Cr through its IPO, of which INR 6.51 Cr has been spent on plant, machinery, and capital work-in-progress, while the remaining INR 25 Cr is held in a fixed deposit. The use of IPO funds aligns with the planned purposes, reflecting disciplined capital management and transparency beneficial to shareholders.