Clara Industries has confirmed that there is no deviation in the use of proceeds from the objects stated in the prospectus issued for the Initial Public offering of equity shares of the Company. A Nil Statement of Deviation, duly reviewed by the Board of Directors in their Board Meeting held on November 06, 2022 is given in ‘Annex A'. The proceeds raised by the Company through the Initial Public Offering of equity shares of the Company, during the half year ended September 30, 2022, have been utilized for the objects as stated in prospectus.
The above information is a part of company’s filings submitted to BSE.
