The Company hereby informs the stock exchange about the statement of deviation and variation for the quarter and year ended March 31, 2026
AEROFLEX · price
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Aeroflex Industries Ltd has filed a Statement of Deviation and Variation for funds raised through preferential allotment of equity shares. The company raised Rs. 55 crore on 3rd February 2026. The funds were allocated for long-term working capital (Rs. 41.52 crore), general corporate purposes (Rs. 12.02 crore), and preferential issue expenses (Rs. 1.45 crore). As of 31st March 2026, Rs. 12.59 crore has been utilized. The key finding is that there is NO deviation or variation in the use of funds from what was originally disclosed. The Audit Committee has reviewed and taken the statement on record.
This is a positive compliance filing indicating proper deployment of funds as per the original objects. No deviation found means the company is using the raised capital as intended, which is reassuring for shareholders.