Sibar Auto Parts No Fundraising Regulatory Disclosure

Sibar Auto Parts Ltd submitted a regulatory disclosure to BSE Limited regarding SEBI Regulation 32(1) requirements. The disclosure states that Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the company because the company has not raised any funds through public issue, rights issue, preferential issue, or Qualified Institutions Placement (QIP).

Consequently, the company is not submitting Annexure A as required by SEBI circular CIR/CFD/CMD/1/162/2019 dated 24th December 2019, which specifies the format for Statement of Deviation or Variation for proceeds of public issues. The disclosure serves as a formal notification to the exchange that the regulatory requirement does not apply due to the absence of any fund raising activities by the company.

Financial Impact

No financial impact - The company has not raised any funds, therefore no fund utilization or deviation reporting is required.