Commercial Syn Bags Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Commercial Syn Bags Limited has filed a statement under Regulation 32 confirming that there are no deviations or variations in the utilization of proceeds from its preferential issue. The company raised Rs. 208.98 Lakhs through the preferential issue. According to the deployment table, Rs. 568.98 Lakhs has been utilized so far, allocated towards purchase of plant and equipment (Rs. 576 Lakhs allocated), working capital requirements (Rs. 504 Lakhs allocated, Rs. 284.49 Lakhs utilized), and general corporate purposes (Rs. 360 Lakhs allocated, Rs. 284.49 Lakhs utilized). The filing has been reviewed by the Audit Committee and approved by the Board of Directors on 30th May, 2026.
This is a routine compliance filing indicating that funds from the preferential issue are being utilized as per the disclosed objects. No deviation or variation was found, which is a positive indicator for shareholders that the company is adhering to its stated fund utilization plan.