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Polo Hotels informs about statement on deviation or variation of funds

15 Nov 2023 Evaluate

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.

Peers
Company Name CMP
The Indian Hotels Co 784.00
ITC Hotels 156.20
Mahindra Holi.&Resor 186.15
EIH 288.40
Chalet Hotels 789.55
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