Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company hereby confirms that there has been no deviation or variation in the use ....
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Awaiting price reaction for this filing.
Vapi Enterprise Ltd has filed a compliance statement with BSE under Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The company confirms that there has been no deviation or variation in the use of proceeds raised from its Initial Public Offering (IPO). Since there are no deviations, the Statement of Deviation or Variation is stated as not applicable to the company. The letter is signed by the Company Secretary, Riddhi Harsh Desai, and is dated 29 May 2025.
This is a routine regulatory compliance filing and is neutral for shareholders. It simply confirms that IPO funds have been used as originally disclosed, which is a positive governance signal but unlikely to move the stock price.