Dear Sir, We are enclosing herewith a copy of the statement of deviation.
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Awaiting price reaction for this filing.
Aveer Foods has submitted a quarterly statement of deviation under SEBI Listing Regulation 32 for Q3 FY26 (quarter ended 31 December 2025). The company raised Rs. 26 crore through a preferential issue of warrants on 20 March 2025, of which only the upfront 25% (Rs. 6.25 crore) has been received so far, with the balance 75% due upon warrant conversion. Of the upfront amount, Rs. 6.25 crore was paid on 30 April 2025 to M/s Kamal Industries for acquisition of the business undertaking, and Rs. 25 lakh was used for working capital needs. The company has confirmed there is no deviation or variation in the use of funds, and both the audit committee and auditors have no comments.
No negative impact on shareholders — the company is using the money for the same purposes it told investors, and the bulk of the raised amount (Rs. 6.25 crore out of Rs. 6.25 crore received) is already deployed for the stated acquisition. The remaining Rs. 19.5 crore will only come in once warrant holders choose to convert, so there is no immediate cash deployment pressure.