Ambuja Cements Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
AMBUJACEM · price
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Ambuja Cements has filed a routine compliance statement confirming there are no deviations or variations in the use of proceeds from its preferential issue of equity shares (conversion of warrants). The company raised Rs 15,000.046 crores in two tranches in March-April 2024, and has utilized Rs 14,895.1 crore (99.3%) of the funds as of March 31, 2026. The funds were allocated for capital expenditures, logistics infrastructure, ESG compliance, acquisitions, working capital, and general corporate purposes. The Audit Committee reviewed the statement on May 4, 2026, and found no deviations or auditor comments.
Positive signal for shareholders as the company has deployed nearly all raised capital as intended without any deviation, indicating proper fund utilization and governance compliance.