Sirca Paints India Limited has confirmed that there is no deviation or variation in the utilization of proceeds raised through a Preferential Issue from the objects stated in the "Letter of Offer" or EGM Notice for the Preferential Issue. This confirmation pertains to the quarter ended March 31, 2026. The funds were raised on September 11, 2025, amounting to ₹75,29,28,000 (752.93 Crore). The statement of deviation or variation is enclosed as Annexure A. The company has confirmed that no funds were deviated from their original purpose. The original objects for which funds were raised included new Capex for Sirca Welcome and Wembley Manufacturing Facilities (allocated ₹3500 Lakh), extension of Distribution Channel and Brand Promotion (allocated ₹600 Lakh), Working Capital (allocated ₹3000 Lakh), and General Corporate Purpose (allocated ₹429.28 Lakh). For the quarter ended March 31, 2026, the funds utilized for these purposes were ₹1095.35 Lakh, ₹0.00 Lakh, ₹179.06 Lakh, and ₹429.28 Lakh respectively. There were no deviations or variations reported in the utilization for this quarter.
