Ami Organics Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Ami Organics Limited has filed a quarterly compliance statement confirming that the entire ₹388.43 crores raised through its Qualified Institutions Placement (QIP) in June 2024 has been fully utilized as of March 31, 2025. The funds were deployed exactly as originally planned: ₹250 crore for repaying/prepaying borrowings, ₹50 crore for capex including setting up captive solar power projects, and ₹88.43 crore for general corporate purposes. There has been no deviation or variation in either the objects or the amounts, and the audit committee and statutory auditors had no comments. Care Ratings Limited acted as the independent monitoring agency for the QIP proceeds.
This is a positive, routine compliance confirmation for shareholders — it shows the company stuck to its stated plan for the QIP money and reported it transparently. No negative governance or capital-allocation signals; typically neutral to mildly positive for investor confidence.