Libas Consumer Products Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Libas Consumer Products Limited has filed a quarterly statement confirming that there is no deviation or variation in the use of funds raised through its Right Issue. The company had raised INR 1,827.96 lakh between September 27 and October 18, 2022. Of this, INR 1,227.96 lakh was allocated for working capital requirements and has been fully utilized. The remaining INR 600 lakh was earmarked for marketing of its innerwear brand 'KNG', of which INR 303.82 lakh has been used so far. The statement, covering the quarter ended June 30, 2025, was reviewed and approved by the Audit Committee on August 14, 2025.
This is a routine compliance filing that confirms the company is using the Right Issue proceeds in line with what was originally disclosed to shareholders, with no misuse or diversion of funds. It is a neutral-to-positive signal for investors regarding governance and fund-utilization discipline.