Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, Duroply Industries has confirmed that there is no deviation or variation in the use of proceeds from the preferential issue of 11,77,336 equity shares and 9,85,220 fully convertible warrants, from the objects as stated in the Explanatory Statement to the Notice of the Extraordinary General Meeting dated 14th February 2024. A statement confirming that there is no deviation or variation in the utilisation of these proceeds, duly reviewed and approved by the Audit Committee at its meeting held on 07th February, 2025 is enclosed.
The above information is a part of company’s filings submitted to BSE.
