SM Auto Stamping has informed that there has been no deviation(s) or variation(s) in the use of the public issue proceeds raised through Initial Public Offer (IPO). The proceeds are being used for the purposes as stated in prospectus of Initial Public Offer only. The aforesaid confirmation is pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the IPO as enclosed.
The above information is a part of company’s filings submitted to BSE.