Pursuant to Regulation 32 of the SEBI (LODR) Regulation, 2015. please find enclosed herewith the Statement of Deviation for the quarter ended on March, 2026.
AKSHAR · price
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Akshar Spintex Limited has submitted its quarterly statement of fund utilization for proceeds raised via a right issue dated October 7, 2024. The company raised Rs. 4874.81 lakhs through this rights issue. The funds were allocated across three main purposes: repaying identified long-term unsecured loans (Rs. 345.67 lakhs, with Rs. 320 lakhs utilized leaving Rs. 25.40 lakhs unutilized), augmenting working capital (Rs. 3300 lakhs), and corporate issue expenses (Rs. 35 lakhs estimated, Rs. 16.30 lakhs utilized with Rs. 18.70 lakhs reallocated to general corporate purpose). The company has explicitly confirmed there is NO deviation or variation in the use of funds raised. Both the Audit Committee and auditors have provided 'No Comments' on the statement.
This filing is a routine compliance submission. The company confirms no material deviation in fund utilization, which is reassuring for investors as it indicates the proceeds are being deployed as intended. Minor unutilized amounts remain in certain categories, but these appear within planned parameters.