Ami Organics Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
Ami Organics Limited has confirmed that there has been no deviation or variation in the use of funds raised through its Preferential Issue of equity shares allotted on May 31, 2024. The company had raised INR 99.0999 Crores through this preferential issue. Of the total, INR 77 Crores was earmarked for capital expenditure related to electrolytes additives and allied business, of which INR 45.5122 Crores had been utilized till March 31, 2025. The remaining INR 22.0999 Crores allocated for general corporate purposes has been fully utilized. Overall, INR 67.6121 Crores of the raised amount has been deployed as of March 31, 2025.
This is a routine compliance filing confirming that the company has used the preferential issue funds as originally disclosed to shareholders, with no misuse or change in purpose. It is a neutral filing with no material impact on the stock, though it shows that about 32% of the raised capital is yet to be deployed for the stated capex purpose.