Ajmera Realty & Infra India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
AJMERA · price
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Ajmera Realty & Infra India Limited has informed the exchanges that there is no deviation or variation in the use of funds raised through its Preferential Issue. The company had raised Rs. 225 crore (Rs. 2,25,00,00,027) on November 25, 2024, earmarked for part-repayment of debt (Rs. 100 crore), funding project expenditures for ongoing and new projects (Rs. 110 crore), and general corporate purposes (Rs. 15 crore). The disclosure, covering the quarter ended June 30, 2025, was reviewed by the Audit Committee on July 24, 2025, with no comments. CRISIL Ratings Limited served as the Monitoring Agency, and the auditors also had no comments on the utilisation. The statement was signed by Managing Director Manoj Ajmera.
This is a routine compliance filing confirming the company is using the preferential issue proceeds exactly as originally disclosed to shareholders. No negative implications; it reinforces governance and transparency, which is a neutral-to-positive signal for investors.