Aeroflex Industries Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Aeroflex Industries Limited has filed a statement under SEBI Regulation 32 confirming no deviation or variation in the utilisation of funds raised through a preferential allotment of equity shares. The company raised Rs. 54,99,99,714.60 (approximately Rs. 55 crore) via allotment on 3rd February 2026. As of 31st March 2026, Rs. 12.59 crore has been utilised towards long-term working capital (Rs. 9.50 crore), general corporate purpose (Rs. 1.64 crore), and preferential issue expenses including advisory fees (Rs. 1.41 crore) and meeting expenses (Rs. 3.40 lakh). The remaining funds appear to be still in deployment. The Audit Committee reviewed the statement and had no comments, and auditors also provided no comments.
The clean statement with no deviations or auditor concerns indicates proper fund management and compliance. This is a routine filing with no red flags for shareholders. The partial utilisation (only about 23% deployed in the first two months) is normal for a recent capital raise and not a concern at this stage.