Statement of Deviation for financial year ended on March 31, 2026 is attached

Shreenath Paper Products Ltd has submitted its Statement of Deviation for the financial year ended March 31, 2026, covering the utilization of funds raised through its Initial Public Offer (offer letter dated February 17, 2025). The company had raised Rs 1,800.00 lakhs for working capital requirements and general corporate purposes. As of March 31, 2026, Rs 1,798.60 lakhs has been utilized for working capital, while Rs 1.40 lakhs remains unutilized (general corporate purposes), lying in an Escrow Public Issue Account. The statement was reviewed by the Audit Committee on May 30, 2026 and certified by statutory auditors S H Dama & Associates. No significant deviation in fund utilization has been reported.