Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, Indian Terrain Fashions has submitted the enclosed statement of deviation or variation for utilization of proceeds of preferential issue of equity shares and convertible warrants for the quarter ended 31st December 2022 as review by the Audit Committee at their meeting held on 13th February 2023. The company has submitted that the funds have been utilized completely on 9th June 2022. Further, there were no deviation in objects for which the funds have been raised, purposes for which the funds have been raised and there was no deviation in utilization of fund.
The above information is a part of company’s filings submitted to BSE.
