Aritas Vinyl Limited has submitted a regulatory disclosure to BSE Limited regarding the completion of its Solar Power Project. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company announced that it has successfully completed the Solar Power Project, which represents the fulfillment of one of the stated objects of the public issue as outlined in the company's prospectus. The project was funded using capital expenditure funds raised through the IPO proceeds.
As a measure of transparency and good corporate governance, and in the interest of keeping shareholders informed about the utilization of IPO proceeds, the company has enclosed photographs of the completed Solar Power Project for the information of the Exchange and stakeholders.
The disclosure was signed by Anilkumar Prakashchandra Agrawal, Managing Director (DIN: 06810266), on behalf of Aritas Vinyl Limited.
Financial Impact
Financial impact not quantified in the disclosure.