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Libas Consumer Products Limited
CIN: L18101MH2004PLC149489
Registered Office: Aapki Industrial Premises Coop Soc. Ltd., Unit No. 62,
Masrani Lane, Sidhpura Ind Estate, Halav Pool, Kurla (West), Mumbai-400070
Contact: 022-49767404/7396 E-mail: cs@libas.co.in
Website: riyazgangjilibasconsumerproductltd.com
National Stock Exchange of India Ltd.
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex,
Bandra (E), Mumbai – 400051
Scrip Symbol – LIBAS
Series: EQ
Subject: Statement of Deviation or Variation
Dear Sir/Madam,
Pursuant to the provisions of Regulation 32 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/ 162/2019 dated
24th December, 2019, a Statement of Deviation or Variation in utilization of funds raised by the
Company through Right Issue till the quarter ended June 30, 2025, duly reviewed by the Audit
Committee of the Company in its meeting held on August 14, 2025 is enclosed.
We hereby confirm that there was no deviation or variation in the utilization of proceed of Right
Issue from the object as stated in the Prospectus.
Thanking You.
For & on behalf of
Libas Consumer Products Ltd.
Nishant Mahimtura
(Wholetime Director)
(DIN: 02000572)
Date: August 14, 2025
Place: Mumbai
Statement of Deviation or Variation
Name of listed entity
Libas Consumer Products Limited
Mode of Fund Raising
Right Issue
Date of raising fund
September 27, 2022 to October 18, 2022
Amount raised
INR 1827.96 lakh
Report filed for Quarter ended
June 30, 2025
Monitoring Agency
Not Applicable
Monitoring Agency, if applicable
Not Applicable
Is there any deviation/variation in use of funds raised
No
If yes, whether the same is pursuant to change in
terms of a contract or objects, which was approved
by the shareholders
Not Applicable
If yes, date of shareholder approval
Not Applicable
Explanation for deviation/variation
Not Applicable
Comments of the Audit Committee after review
Not Applicable
Comments of the Auditors, if any
Not Applicable
Objects for which funds have been raised and where there has been a deviation,
in the following table
Original Object
Modified
object, if any
Original
allocation
(INR in
Lakh)
Modified
allocation, if
any
Funds utilised
till June, 2025
(INR in Lakh)
Amount of
Deviation/Variation for
the quarter according to
applicable object
Remarks, if
any
Working Capital
requirement
Not
Applicable
1,227.96 Not Applicable
1227.96 Nil
No deviation
of Variation
Marketing for innerwear
Brand “KNG”
Not
Applicable
600.00 Not Applicable
303.82 Nil
No deviation
of Variation
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.