Ajmera Realty & Infra India 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.
Ajmera Realty & Infra India has filed a Regulation 32 compliance statement confirming that there is no deviation or variation in the use of funds raised through its Preferential Issue of Rs. 225 crore (raised on 25 November 2024) from the originally stated objects. The funds were earmarked for three purposes: Rs. 100 crore for part-repayment of debt (fully utilised), Rs. 110 crore for funding project expenditures for ongoing and new acquisitions (Rs. 80.91 crore utilised so far), and Rs. 15 crore for general corporate purposes (Rs. 14.99 crore utilised). The statement covers the quarter ended 31 March 2025 and has been reviewed by the Audit Committee, which had no comments. CRISIL Ratings Limited acted as the Monitoring Agency for the issue.
This is a routine compliance filing with no negative impact — it reassures shareholders that the company is using the Rs. 225 crore raised via the Preferential Issue exactly as promised. The lower utilisation of the project expenditure allocation is normal timing and not a red flag, as the remaining amount will be deployed as projects progress. The stock is unlikely to see any material price movement on this disclosure alone.