Rashi Peripherals Limited — Others, 23-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Rashi Peripherals Limited has announced a board meeting on the financial results for the quarter and half-year. The company confirms no deviation in the use of its ₹600 Cr IPO proceeds. ₹326 Cr was used to prepay or repay borrowings, ₹220 Cr for working capital, and most of the remaining funds have been utilized. Around ₹5.79 Cr reserved for general corporate purposes remains unspent and may be used this fiscal. This demonstrates disciplined capital management aligned with shareholder interests.