Sai Silks Revises IPO Fund Use, Extends Warehouse Timeline to Sep 2027

Sai Silks (Kalamandir) Ltd has revised its earlier resolution regarding the utilization of IPO proceeds. The Audit Committee and Board of Directors have decided to utilize the unutilized amount of ₹20.27 Crores for setting up warehouses, as originally planned in the prospectus. The timeline for this utilization has been extended to September 30, 2027. This revision restores the original commitment and does not alter the objects of the issue, nor does it require shareholder approval. The company will continue to submit quarterly Monitoring Agency Reports.