Pursuant to Regulation 32 of the SEBI Listing Regulations and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, Polo Hotels has informed that there is no deviation/ variation in respect of the utilization of the proceeds of the Initial Public Offer (IPO) of the company during the second quarter and the period ended September 2023. The company has enclosed a statement in this regard. The aforesaid statement has been reviewed by the Audit Committee and taken on record by the Board at their respective meeting held on November 10, 2023.
The above information is a part of company’s filings submitted to BSE.