ALPHA TRIBE

Rajshree Polypack LimitedOthers, 14-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

14-08-2025 | 01:51 pm

Rajshree Polypack Limited has confirmed that there is no deviation in the use of funds raised from its preferential issue of equity shares and conversion of warrants. The company raised approximately 20.12 Crore, which included funds from equity shares (16.20 Crore), initial warrant subscriptions (1.57 Crore), and subsequent warrant conversions (2.35 Crore). These funds have been utilized as planned for capital expenditure, long-term working capital, and general corporate purposes. This positive update, reviewed by the Audit Committee, confirms the company's adherence to its stated funding objectives, assuring stakeholders on fund utilization transparency.

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