Decorous Investment: No Deviation in IPO Proceeds

Decorous Investment & Trading Co Ltd has confirmed that there has been no deviation or variation in the utilization of funds raised from its Initial Public Offer (IPO). The company also stated that there has been no change in its share capital over the last five financial years, including no buybacks, sweat equity, bonus shares, public/rights/preferential issues, QIPs, preference shares, debentures, or employee stock options. Consequently, Regulation 32 of SEBI (LODR) Regulations, 2015, pertaining to the statement of deviation or variation for proceeds of public issues, is not applicable to the company.