Statement of Deviation for the quarter ended on March 31, 2025
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Sizemasters Technology Ltd has filed its quarterly compliance statement under SEBI Regulation 32 for the quarter ended March 31, 2025. The company had raised INR 6 Crores through a preferential issue of 60 lakh equity shares of INR 10 face value on October 20, 2022. The stated purpose of the issue was general corporate purposes, business expansion, investment in new ventures, setting up new manufacturing units, and supporting future growth. As per the filing, the entire INR 6 Crores has been fully utilized (cumulative) with no deviation or variation from the originally disclosed objects. No monitoring agency was applicable for this issue. Both the Audit Committee and the Auditor have reviewed and approved the statement with no comments.
This is a routine regulatory compliance confirmation that the company used the raised funds exactly as promised to shareholders, with no misuse or diversion. It is a neutral filing and carries no positive or negative implications for the stock or existing shareholders.