Shri Techtex Limited — Others, 29-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Shrl Techtex Limited has announced that it has utilized Rs. 41.72 Cr of the Rs. 45.14 Cr raised through its IPO across factory construction, machinery purchase, solar plant commissioning, working capital, corporate purposes, and public issue expenses. Rs. 3.42 Cr allocated for solar plant commissioning remains unspent. The Audit Committee found no deviation from the IPO objectives, and statutory auditors have certified that the fund utilization aligns with audited financials, confirming transparent and appropriate use of proceeds. This reflects disciplined capital deployment supporting business expansion.