Shoora Designs Limited has announced that there is no deviation or variation in the utilization of funds raised through the preferential issue of warrants converted into equity shares, amounting to Rs. 1,656.25 lakh.

The funds have been primarily used for expansion activities and working capital (Rs. 927.19 lakh) and general corporate purposes (Rs. 414.06 lakh). This adherence to planned use, as reviewed and confirmed by the Audit Committee, supports the company’s ongoing operational and growth strategies without any change in fund allocation.