Please find attached statement of Deviation or Variation of Funds Regulation 32 of SEBI (LODR) Regulation, 2015
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Awaiting price reaction for this filing.
Asian Tea & Exports Ltd has submitted its quarterly statement confirming there is no deviation or variation in the use of funds raised through its preferential issue. Originally, the company planned to raise Rs 1,710 lakhs via preferential issue (Rs 1,539 lakhs for working capital and Rs 171 lakhs for general corporate purposes), but actually received Rs 938.94 lakhs. The proceeds were allocated proportionately — Rs 845.05 lakhs to working capital and Rs 93.89 lakhs to general corporate purposes. The Audit Committee reviewed and approved the statement on May 29, 2025, with no auditor comments. The preferential issue was allotted on February 15, 2025, and the report covers the quarter ended March 31, 2025.
Routine compliance filing that confirms raised funds are being used as intended, with no deviation — provides comfort to shareholders but is unlikely to have any material impact on the stock price.