Pursuant to Regulation 32(1) of the SEBI (LODR) Regulation, 2015, we hereby enclosed herewith the Statement of Deviation or Variation for the Quarter ended September 30, 2025 in respect ....
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Awaiting price reaction for this filing.
Shree Refrigerations Limited has filed a quarterly compliance statement confirming that the ₹9,451.25 lakhs raised through its IPO in July 2025 has been utilised without any deviation or variation from the originally stated objects. CARE Ratings Limited is acting as the monitoring agency for the IPO proceeds. The statement was reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 11, 2025, with no comments from either the Audit Committee or the auditors. The filing is a routine regulatory submission under SEBI's Listing Obligations and Disclosure Requirements Regulations.
This is a routine compliance filing with no material impact on shareholders. It confirms that the company's IPO funds are being used as originally disclosed, which is a positive signal for governance and transparency. No effect on stock price is expected.