The compliance letter of Statemen of Deviation under Regulation 32(1) of SEBI LODR is filed for taking on record.

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AI summary

Shree Karthik Papers Ltd has filed a compliance letter with BSE regarding the Statement of Deviation under SEBI LODR Regulation 32(1). This regulation requires listed companies to report any deviations or variations in the use of proceeds from equity issuances, preferential issues, or qualified institutions placements. The actual details of any deviations are not available from the source document due to a page access error. This is a routine regulatory compliance filing mandated by SEBI for listed companies to maintain transparency in fund utilization.

Likely market impact

This is a standard compliance filing and typically has a neutral impact on the stock. The actual content of the deviation statement (if any) could provide more insight into fund utilization.