Statement of Deviation(s) or Variation (s) under Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended 31st March, 2026 is enclosed.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Axel Polymers has filed a quarterly statement confirming that there has been no deviation or variation in the use of proceeds from its Preferential Issue of equity shares. The company had raised Rs. 11.18 crore through the preferential issue on 13 December 2025. Of this, Rs. 6.71 crore allocated to working capital and Rs. 2.24 crore allocated to general corporate purposes have been fully utilised as per the original plan. However, only Rs. 42.85 lakh out of the Rs. 2.24 crore earmarked for capital expenditure has been used so far, with the balance pending deployment. The filing is signed by the CFO and no monitoring agency was appointed for this issue.
Positive for shareholders as funds are being used as originally disclosed, with no deviation reported. The pending capital expenditure deployment (about 81% of that allocation still unutilised) is worth watching but is normal given the issue was completed only in December 2025.