Statement of Deviation and Variation is attached.
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Synthiko Foils Limited has filed a quarterly compliance statement under SEBI LODR Regulation 32 for the quarter ended December 31, 2025. The company confirms that there is no deviation or variation in the utilization of proceeds from its preferential issue of Rs. 1,046.74 Crores raised on December 24, 2025. The entire amount was used for the stated purpose — acquiring 2,13,641 equity shares representing 100% of the issued and paid-up capital of DC&T on a fully-diluted basis. The statement was reviewed by the Audit Committee and the monitoring agency is CARE Ratings Limited.
This is a routine compliance confirmation showing that the company used the funds exactly as disclosed to shareholders, with no misuse or diversion. For retail investors, this signals good governance discipline and that the acquisition of DC&T has been fully funded as planned.