Statement of deviation for the quarter ended on March 31, 2026.
AMBUJACEM · price
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Ambuja Cements has filed a statement confirming that there are no deviations or variations in the utilisation of proceeds from its preferential issue of equity shares (conversion of warrants). The company raised Rs 15,000.046 crores in two tranches - Rs 6,660.946 crores on March 28, 2024 and Rs 8,339.099 crores on April 17, 2024. As of March 31, 2026, Rs 14,895.1 crore has been utilised, with the entire amount deployed for capital expenditures, logistics infrastructure, ESG compliance, acquisitions, working capital, and general corporate purposes. The statement was reviewed and approved by the company's Audit Committee on May 4, 2026.
No negative impact on shareholders. The company has successfully deployed funds as intended without any deviation, indicating proper execution of its stated objectives and strong corporate governance.