Non-Applicability of Statement of Deviation or Variation Under Regulation 32 of SEBI (LODR) Regulations, 2015.
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd has submitted a compliance filing to BSE confirming that the Statement of Deviation or Variation under Regulation 32 of SEBI LODR Regulations is not applicable to the company for the quarter ended 31st March 2025. This is because the company did not raise any funds through a public issue, rights issue, preferential issue, or qualified institutional placement during that quarter. Since no funds were raised, there is no deviation or variation from the stated use of proceeds to report. The letter is signed by Managing Director Prafulbhai Parshottambhai Bavishiya and is dated 8th May 2025.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply confirms the company did not undertake any fresh fundraising activity in Q4 FY25, so there's nothing meaningful to interpret from this announcement.