Arihant Superstructures Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Arihant Superstructures has filed its quarterly Reg. 32 compliance statement for Q1FY26, confirming that proceeds from its preferential issue of convertible warrants (total issue size of Rs. 37.63 crore) have been used strictly for the purposes stated in the EGM notice of December 5, 2023. Of this, 25% (Rs. 9.41 crore) was received as upfront consideration on December 21, 2023, and the remaining 75% (Rs. 28.23 crore) was received on June 14, 2025, when warrant holders paid the balance amount. The company explicitly states there was no deviation or variation in fund utilization during the quarter. The Audit Committee and auditors have reviewed the statement and raised no comments. No monitoring agency was applicable for this issue.
This is a routine compliance filing with no negative news for shareholders. The confirmation that funds were used as originally promised signals good governance and fund-utilization discipline, which is mildly positive for investor confidence. The receipt of the balance Rs. 28.23 crore in June 2025 also means the company now has the full issue proceeds at its disposal for the stated business purposes.