Sirca Paints India Limited has confirmed that there is no deviation or variation in the utilization of proceeds raised through its Preferential Issue. This statement pertains to the quarter ended December 31, 2025, as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The preferential issue, which raised ₹75,29,28,000 (7529.28 Lakhs), was conducted on September 11, 2025. The funds were allocated for several purposes, including new Capex for manufacturing facilities, extension of distribution channels and brand promotion, working capital, and general corporate purposes. For the quarter ended December 31, 2025, the utilization was as follows: ₹631.68 Lakhs for New Capex, ₹0.00 Lakhs for Distribution Channel and Brand Promotion, ₹179.06 Lakhs for Working Capital, and ₹429.28 Lakhs for General Corporate Purpose. In all instances, the amount utilized for the quarter was ₹0.00 in deviation from the original allocation, meaning there were no deviations or variations in the use of funds as per the stated objects. The Audit Committee and auditors provided no adverse comments. The statement was enclosed as "Annexure A" and submitted to the National Stock Exchange of India Limited and BSE Limited.
