Please find attached Statement of Fund Utilization/Deviation/Variation for QE/FYE March 31, 2025
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Awaiting price reaction for this filing.
Silver Pearl Hospitality & Luxury Spaces Ltd has filed a quarterly compliance statement confirming that there is no deviation or variation in the use of funds raised through its IPO in June 2022. The company had raised ₹9.00 Crore on the SME platform, and the entire amount has been utilized as per the original objects in the prospectus — ₹6.50 Crore for purchase of hotel properties, ₹1.80 Crore for general corporate purposes, and ₹0.70 Crore towards issue expenses. The Audit Committee and auditors had no comments, and no monitoring agency was appointed. The filing is a routine regulatory disclosure under SEBI LODR Regulation 32.
This is a routine compliance filing and should have no material impact on the stock price. It reassures shareholders that the IPO proceeds have been fully deployed as originally promised, with no misuse or redirection of funds.