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

Marvel Decor Limited has announced that the funds raised through its preferential equity issue of ₹805 lakh have been used in line with the planned objectives. The capital was directed mainly towards new product additions and project expansion, working capital, and general corporate purposes. As of March 31, 2025, significant portions of the allocated funds have been utilized across these areas. The Audit Committee has verified that the use of funds is consistent with the intended purposes, reinforcing trust and transparency for shareholders.