Statement of deviation / utilization of funds as per Regulation 32
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Awaiting price reaction for this filing.
Aastamangalam Finance Ltd has filed a quarterly compliance report confirming no deviation or variation in the use of funds raised through its rights issue. The company raised approximately ₹28.17 crore (₹28,16,72,235) by issuing 66,27,582 equity shares at ₹42.50 each (₹10 face value + ₹32.50 premium) in January 2025. The entire amount was allocated toward working capital requirements and has been fully utilized as per the original object. The Audit Committee reviewed the statement on May 27, 2025 and confirmed that proceeds were used strictly for the stated purpose, with no auditor comments or concerns raised.
This is a routine compliance filing with a positive undertone — it confirms proper and transparent use of the freshly raised capital, which is reassuring for shareholders. No negative signals for the stock; the disclosure itself is neutral and unlikely to move the share price.