Statement of Deviation or Variation of the Company is enclosed.
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Awaiting price reaction for this filing.
Ambo Agritec Limited has submitted its quarterly compliance statement confirming there is no deviation or variation in the use of proceeds from its Preferential Issue of Convertible Warrants, originally raised on 20 June 2024 for a total of ₹42.90 crore, all earmarked for working capital. The filing covers the quarter ended 31 March 2025 and confirms the Audit Committee has reviewed and given a favourable compliance remark. The variation figure of ₹22.69 crore shown in the table is not due to misuse of funds but simply reflects the portion of warrants that investors have not yet converted into equity. As of this quarter, ₹20.20 crore has effectively been deployed (post-conversion), with the balance pending conversion of warrants.
This is a routine SEBI compliance filing and carries no negative implication — it simply confirms the company has used raised funds as originally disclosed. Investors should note that the unconverted warrants (worth about ₹22.69 crore) remain pending and could result in equity dilution if and when holders choose to convert.