Rite Zone Chemcon India Limited — Others, 13-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Rite Zone Chemcon India Limited has submitted an updated disclosure confirming its Initial Public Offering (IPO) funds, totaling Rs. 8.96 Cr raised in November 2022, have been utilized as planned without any deviation. Out of the allocated Rs. 6.75 Cr for working capital, Rs. 4.39 Cr has been used, with Rs. 2.36 Cr pending. Funds for general corporate purposes (Rs. 0.50 Cr) and issue expenses (Rs. 1.71 Cr) have been fully utilized. This provides shareholders with transparency on how the IPO proceeds are being deployed in line with the initial objectives.