Premier Synthetics Limited has submitted a regulatory compliance statement to the Department of Corporate Services, BSE Limited. The submission is made pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and refers to SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24th December, 2019.
The company confirms that there has been no deviation or variation in the use of public issue proceeds raised from its Initial Public Offer (IPO).
Additionally, the company confirms that during the last three financial years, there has been no change in its share capital, specifically detailing:
- No buyback of any securities
- No issuance of sweat equity shares
- No issuance of bonus shares
- No public issue, right issue, qualified institutions placement (QIP), or debentures issued
- No employees stock option plan (ESOP) scheme provided
Based on these confirmations, the company states that Regulation 32 of SEBI (LODR) Regulations, 2015, which requires a statement of deviation or variation for proceeds of public issue, right issue, preferential issue, or QIP, is not applicable to the company.
The letter is signed by Vinod Rana, Company Secretary (ICSI Membership No. A47963), on behalf of Premier Synthetics Limited.