Statement on Deviation or Variation of Funds for the quarter ended 31st December, 2025
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Awaiting price reaction for this filing.
Autoriders International Ltd has filed a quarterly statement confirming no deviation in the use of funds raised through a preferential allotment of equity shares on 31st December 2024. The total amount raised was ₹8.99 crore, earmarked for three purposes: loan repayment (₹1.75 crore allocated), business expansion (₹5 crore allocated), and general corporate purposes (₹2.24 crore allocated). For the quarter ended 31st December 2025, actual utilization stood at ₹1.77 crore for loans, ₹4.31 crore for business expansion, and ₹2.17 crore for general corporate purposes. The Audit Committee reviewed the statement and raised no comments, and the chartered accountants (Vandana V. Dodhia & Co.) certified that the funds were used for the stated purposes.
This is a routine SEBI compliance filing under Regulation 32, and the 'no deviation' status is a neutral-to-positive signal indicating proper fund usage. However, business expansion deployment remains below the original allocation (₹4.31 crore used vs ₹5 crore planned), which may suggest slower-than-expected expansion activity. No immediate share price impact is expected.