Please find attached Non-Applicability of Statement for Deviation or Variation under regulation 32
Awaiting price reaction for this filing.
SJ Corporation Ltd has informed BSE that the Statement of Deviation or Variation under SEBI Regulation 32 is not applicable to it for the financial year ended March 31, 2025. The company confirmed that there has been no deviation or variation in the use of proceeds raised from its earlier Initial Public Offer (IPO) and rights issue. All the funds raised were utilised for the purposes originally stated in the prospectus and Letter of Offer. The filing is a routine SEBI compliance requirement signed by Managing Director Deepak Upadhyay (DIN: 02270389) on May 30, 2025.
This is a routine compliance disclosure and is neutral for shareholders. It simply confirms that the company used its IPO and rights issue money for the stated purposes without any misuse or diversion, which is a positive sign of fund management discipline but unlikely to move the share price.