Non-Applicability of Statement for Deviation(s) or Variation(s) under Regulation 32 of SEBI (LODR) Regulation 2015
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Awaiting price reaction for this filing.
V R Films & Studios Ltd has filed a compliance statement with BSE confirming that there has been no deviation or variation in the use of proceeds raised from its Initial Public Offering (IPO) during the quarter ended December 31, 2025. Under SEBI's Listing Regulations (Reg 32), companies that raised money through a public issue must report if they have used the funds differently from what was disclosed in the prospectus. The company is informing the exchange that its IPO funds have been used as originally planned, so the formal deviation/variation statement is not applicable. The letter is signed by Managing Director Manish Dutt and is dated January 20, 2026.
This is a routine regulatory filing with no material impact on the stock or shareholders. It simply confirms that the company has used its IPO funds in line with the original purpose, which is a neutral-to-mildly-positive compliance signal.