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Sai Silks (Kalamandir) Extends IPO Proceeds Utilisation Timeline by 6 Months

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Sai Silks (Kalamandir) Extends IPO Proceeds Utilisation Timeline by 6 Months

Sai Silks (Kalamandir) Limited has extended its IPO proceeds utilisation timeline by 6 months to September 30, 2026, for the remaining Rs. 39.86 crore balance. The company has exceeded its retail footprint targets by 28%, achieving 1,82,652 sq. ft. against the planned 1,42,500 sq. ft. with 25 operational stores. The extension allows for strategic deployment of funds towards 4 additional stores and a warehouse facility in Tamil Nadu, demonstrating efficient capital optimisation and strong execution capabilities.

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