Statement of Deviation(s) or variation(s) for the year ended March 31, 2025 under Regulation 32 of SEBI (LODR) Regulation, 2015
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NAPS Global India has filed a compliance statement under SEBI's Listing Regulations confirming there was no deviation or variation in the use of funds raised through its SME public issue. The company raised Rs. 10.88 crore on March 11, 2025, earmarking Rs. 9.19 crore for working capital and Rs. 1.69 crore for general corporate purposes. As of March 31, 2025, Rs. 7.11 crore has been deployed into working capital and Rs. 0.38 crore towards general corporate purposes, totaling Rs. 7.49 crore utilized. The remaining Rs. 3.39 crore is unutilized, and the audit committee has noted no comments.
This is a routine regulatory filing confirming IPO funds are being used as originally disclosed to shareholders, with no misuse or reallocation. Retail investors can take comfort that the company has not diverted proceeds from stated objects, though a meaningful Rs. 3.39 crore remains to be deployed within the permitted timeframe.