Satyam Silk Mills Ltd — Updates, 26-05-2025: Company Update

Satyam Silk Mills Limited has announced a board meeting to review the Statement of Deviation or Variation for funds raised through its rights issue of INR 1.12 Cr. The company confirms no deviation or variation in the use of proceeds, with funds partly utilized for incremental working capital, corporate expenses, and issue costs. Until deployment, unutilized funds have been temporarily invested in money market mutual funds. This update reassures shareholders about disciplined fund management and adherence to the stated objectives from the rights issue, supporting operational and corporate funding needs.