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

Basilic Fly Studio reports no deviation in the use of proceeds from its Rs. 66.35 Cr IPO. Funds were primarily deployed for setting up studios in Hyderabad and Salem (Rs. 21.35 Cr), upgrading facilities in Chennai and Pune (Rs. 19.61 Cr), expanding subsidiaries’ workspaces in London and Vancouver (Rs. 4.65 Cr), general corporate purposes (Rs. 12.38 Cr), and covering issue expenses (Rs. 2.53 Cr). This disciplined capital use supports the company’s growth and infrastructure enhancement, reinforcing operational capacity and stakeholder confidence.