Regulatory10 April 2026 at 11:41 am
Premier Synthetics reports no deviation in IPO proceeds use
AI Summary
Premier Synthetics Ltd has confirmed that there have been no deviations or variations in the use of proceeds from its Initial Public Offer (IPO), as per SEBI Regulation 32(1). The company also stated that its share capital has remained unchanged over the last three financial years, with no buybacks, sweat equity, bonus issues, public/right/QIP/debenture issues, or Employee Stock Option Plans. Consequently, the requirement for a deviation statement under Regulation 32 of SEBI (LODR) Regulations, 2015, is not applicable to the company.
Key Highlights
- Premier Synthetics confirms no deviation in IPO proceeds.
- No change in share capital over the last three financial years.
- Company has not undertaken buyback, bonus, or new issues.
- SEBI Regulation 32 on deviation statement is not applicable.