Commercial Syn Bags Limited — Others, 31-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Commercial Syn Bags Limited has confirmed that funds raised through its Rs. 3.6 Cr preferential issue have been used as planned, with Rs. 1.8 Cr each allocated to working capital and general corporate purposes. The remaining amount was directed towards Property, Plant, and Equipment. The Audit Committee reviewed and approved this utilization, ensuring the deployment aligns with the company’s strategic goals, demonstrating disciplined capital management and supporting shareholder confidence in effective use of proceeds.