Premium Plast Limited — Others, 30-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Premium Plast Ltd. has confirmed that Rs 26.20 Cr raised through its IPO has been used as planned. It allocated Rs 4.18 Cr to expand manufacturing and purchase machinery, Rs 0.25 Cr to set up a rooftop solar power plant, Rs 2.23 Cr to prepay borrowings, and Rs 3.27 Cr for general corporate purposes. Issue expenses were Rs 3.11 Cr. Around Rs 13.03 Cr remains unspent, mainly for ongoing manufacturing expansion and solar power projects, indicating progress on key operational investments.