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Sai Silks (Kalamandir): Extension Of Timeline For Utilisation Of IPO Balance Proceeds

The Audit Committee and Board Meeting in their respective meeting held today have resolved to i) that in order to ensure optimum and prompt utilisation of funds the said amount of Rs. 20.27 crores be deployed for the purpose of setting up of new stores within a period of maximum six (6) months ie. on or before 31st March 2027. ii) that simultaneously the company shall pursue the setting up of new warehouses as originally contemplated in the prospectus with its internal accurals.

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