Statement of Deviation or Variation of Funds - March 31, 2026.
AUTOIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Autoline Industries Ltd has filed a statement confirming there are NO deviations or variations in the utilization of proceeds from the allotment of Convertible Warrants. The company allotted 32,65,000 Warrants on a preferential basis on February 5, 2026, at INR 75 per warrant, aggregating to INR 24,48,75,000. At the time of allotment, 25% of the issue price (INR 6,12,18,750) was received, while the remaining 75% (INR 18,36,56,250) will be received upon exercise or conversion of warrants within 18 months. The Audit Committee reviewed and the Board took on record this statement on May 14-15, 2026.
The filing is positive for shareholders as it confirms that the funds raised through the preferential warrant issue are being used as per the stated objects with no deviations reported. This indicates proper fund deployment and regulatory compliance.