Statement of daviation or variation in the use of proceeds of Preferential issue.
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Awaiting price reaction for this filing.
Abhishek Finlease Ltd has filed a quarterly compliance statement confirming that there is no deviation or variation in the use of proceeds raised through its Preferential Issue. The company raised ₹1,49,98,830 (approximately ₹1.5 crore) on 20 March 2025 via preferential allotment. For the quarter ended 31 March 2025, the funds continue to be utilised as per the original objects disclosed in the Letter of Offer. Both the Audit Committee and the auditors have reviewed the statement and have no comments or observations. No monitoring agency was appointed for this issue, and the deviation table is marked as 'Not Applicable'.
This is a routine regulatory disclosure with no negative news — no fund misuse or change in use of proceeds has been reported. It is unlikely to have any material impact on the stock price but reassures shareholders that the ₹1.5 crore raised is being deployed as originally promised.