Non applicability of Regulation 32 of SEBI (LODR) Regulations, 2015 for quarter ended 31st March, 2025
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Associated Ceramics Ltd has informed the BSE and Calcutta Stock Exchange that Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements does not apply to the company for the quarter ended 31 March 2025. This regulation requires companies to file a statement showing any deviation or variation in the use of funds raised through public issues, rights issues, preferential issues, or qualified institutional placements (QIPs). Since the company did not raise any money through any of these routes during the January–March 2025 quarter, the disclosure requirement is not applicable. The letter is signed by Managing Director Arun Agarwal. This is a routine compliance communication confirming there are no proceeds to track or report on.
No impact on shareholders or the stock price. This is a standard regulatory filing that simply confirms the company did not raise money from the market during the quarter, so there is nothing meaningful to disclose under this rule.