Dear Sir, We are enclosing herewith a copy of the statement of deviation separately. The same was submitted as part of the results outcome.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aveer Foods Limited has filed a statement confirming no deviation or variation in the utilisation of funds raised through a preferential issue. The total issue size was Rs. 26 crore, raised via warrant conversion. As of March 31, 2025, the company received 25% (Rs. 6.25 crore) as upfront subscription. The remaining 75% was received during the quarter ending March 31, 2026 upon warrant conversion. The funds have been fully deployed: Rs. 25 crore towards acquisition of M/s Kamal Industries and Rs. 1 crore for working capital requirements. Both the Audit Committee and auditors have stated no comments on the utilization.
This is a routine compliance filing indicating proper deployment of funds as per the approved objects. There is no adverse deviation, which is a positive indicator for shareholders confirming the company utilized proceeds as promised.