Saboo Sodium Chloro has informed that pursuant to the provisions of Regulation 32 of the Securities and Exchange Board of India [SEBI] (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24th December, 2019 regarding ‘Format on Statement of Deviation or Variation for proceeds of public issue, rights issue, preferential issue, Qualified Institutions Placement (QIP) etc.’ it confirmed that there is no deviation or variation in the use of proceeds of Rights Issue of Equity Shares. A Nil Statement of Deviation, duly reviewed by the Audit Committee of the Company, is given in ‘Annexure A’. The entire proceeds raised by the Company through Rights Issue, have been utilized for the original objects as stated.
The above information is a part of company’s filings submitted to BSE.
