Technopack Polymers Limited has announced a board meeting to review the utilization of funds raised through its IPO amounting to Rs. 786.50 lakhs.

The company reported no deviation in the use of these funds for the stated purposes, which include setting up an additional plant for HDPE beverage closures, working capital requirements, and general corporate purposes.

The Audit Committee reviewed and confirmed that the funds have been utilized as planned, supporting transparency and financial discipline important for shareholder confidence.