ALPHA TRIBE

Libas Consumer Products LimitedOthers, 14-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

14-08-2025 | 10:27 pm

Libas Consumer Products has provided an update on the utilization of funds from its Right Issue, which raised INR 18.28 crore. The company confirmed that as of June 30, 2025, there has been no deviation or variation in how these funds were used compared to the original prospectus objectives. Specifically, funds were designated for working capital (INR 12.28 crore, fully utilized) and marketing for the "KNG" brand (INR 6.00 crore, with INR 3.04 crore utilized so far). This update assures investors that the capital raised is being deployed as intended, reinforcing financial transparency and responsible fund management.

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