Pursuant to Regulation 32, the Company hereby confirms that there has been no deviation or variation in the use of Public issue proceeds from Initial Public Offer(IPO)
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Vapi Enterprise Ltd has filed a confirmation with BSE stating that there has been no deviation or variation in the use of proceeds raised from their Initial Public Offer (IPO). The company, formerly known as Vapi Paper Mills Ltd., submitted this filing dated 26/05/2026 pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This is a routine compliance filing where listed companies must confirm whether their use of IPO funds matches the stated objects of the issue. Since no deviation is reported, the Statement of Deviation or Variation is stated as not applicable to the company.
Positive confirmation for existing shareholders that IPO funds are being deployed as originally committed, with no changes to the utilization plan. This is a routine regulatory compliance filing with no direct impact on stock price.