Non-applicability of Statement for Deviation or Variation under Regulation 32 of the SEBI(LODR) Regulations 2015
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V R Films & Studios Ltd has informed BSE that the Statement of Deviation or Variation under SEBI's Listing Regulations is not applicable to the company. This means the company confirms there has been no deviation or variation in the use of proceeds raised from its Initial Public Offer (IPO). The company has used the IPO funds in line with the originally disclosed purpose. The letter is signed by Managing Director Manish Satprakash Dutt and dated May 14, 2025.
This is a routine compliance filing with no material impact on the stock. It reassures shareholders that IPO funds are being used as originally promised, reflecting governance discipline.