Please find enclosed Statement of Deviation and Variation for the quarter ended 31st March, 2025
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Comrade Appliances Ltd has filed a routine SEBI compliance statement under Regulation 32(1) regarding the use of funds raised through a Preferential Issue dated August 22, 2024. The company raised Rs. 5.18 crores (Rs. 5,17,75,000) earmarked for working capital needs, expansion of business activities, and general corporate purposes. As of March 31, 2025, the company has utilized Rs. 5,17,65,000, which is nearly the entire amount raised. The filing confirms there is no deviation or variation from the originally disclosed purpose of the fundraise.
This is a routine regulatory disclosure confirming disciplined use of the capital raised, with no misuse or change in stated objectives. No material impact is expected on shareholders or the stock price from this filing.