Submission of Statement of Deviation & Variation
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Awaiting price reaction for this filing.
Adhata Global Ltd has submitted its quarterly compliance filing confirming there is NO deviation or variation in the utilisation of proceeds raised through a preferential issue of convertible warrants. The company raised Rs. 9.50 crore in September 2025, of which Rs. 2.375 crore (25%) has been utilised so far. The funds are being deployed as stated in the AGM notice dated May 28, 2025 - for working capital requirements, business expansion, and general corporate purposes. The statement has been reviewed and confirmed by the company's Audit Committee, with no comments or objections raised.
For shareholders, this is a routine compliance filing with no adverse findings. The low utilisation rate (25%) may indicate the funds are being deployed gradually as per business needs, with no deviation from the stated objects. No immediate impact on stock price is expected from this filing.