Statement of Deviation for the quarter ended March 31, 2025
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Awaiting price reaction for this filing.
Ampvolts Limited has filed a quarterly compliance statement confirming that the Rs. 48 crore raised through a Rights Issue on February 23, 2024 (1.6 crore equity shares issued at Rs. 30 each against face value of Rs. 10) has been used in line with the originally stated purpose. The company has reported no deviation or variation in the use of these funds. The Audit Committee reviewed and approved this statement on May 15, 2025, and the auditors had no adverse comments. No monitoring agency was applicable for this issue. The filing has been made under SEBI's Listing Obligations and Disclosure Requirements (Clause 32).
This is a routine regulatory compliance filing. Since there is no deviation in fund usage and no negative auditor or audit committee comments, it is a neutral disclosure with no immediate impact on shareholders or the stock price. It reinforces that the company has stuck to its stated fundraising objectives.