Non applicability of statement of deviation & Variation
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Awaiting price reaction for this filing.
Sailani Tours N Travels Ltd has informed the BSE that the Statement of Deviation or Variation is not applicable to the company for the quarter ending March 31, 2025. Under Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements, the company confirmed that there have been no deviations or variations in the use of proceeds raised from its Initial Public Offer (IPO). The letter was signed by Purvi Agarwal, Company Secretary, and submitted to BSE on April 15, 2025. This is a routine quarterly compliance filing indicating the company has used its IPO funds as originally intended.
This is a routine compliance disclosure with no material impact on shareholders or stock price. It simply confirms that IPO proceeds have been utilised in line with the stated purpose, which is a neutral-to-positive signal of fund management discipline.