Sibar Autoparts Limited informed stakeholders about its compliance status regarding certain fund utilization reporting.

The company clarified that a specific regulatory requirement concerning deviations in proceeds from public or rights issues does not apply.

This is because Sibar Autoparts Limited has not raised any funds through such public, rights, preferential, or QIP issues.

Consequently, the company will not be submitting the associated compliance statement (Annexure A). This update provides clarity on the company's financial reporting obligations.