Statement of Deviation & Variation for the period ended March 31, 2026.
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Aviva Industries Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through 11 preferential issues during January-February 2026. The total funds raised across all issues amount to Rs. 7,001.05 Lakhs (approximately Rs. 70 Crores), with individual issuances ranging from Rs. 113.40 Lakhs to Rs. 1,692.60 Lakhs. All funds were raised specifically for meeting working capital requirements. The company has not appointed a monitoring agency and all allocation details show N.A., indicating the detailed utilization breakdown was not required to be disclosed in this filing. The statements are certified by auditor S K Bhavsar & Co. and signed by Managing Director Bharvin Patel Sureshbhai.
The confirmation of no deviation in fund utilization is a positive signal for shareholders, indicating the company deployed the raised capital as intended. This filing demonstrates regulatory compliance and transparent use of equity capital for stated working capital purposes.