Statement of Deviation & Variation for the quarter ended 31st December, 2025 for preferential issue proceeds is attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Axel Polymers has filed its SEBI LODR Regulation 32 compliance statement confirming that there has been no deviation or variation in the use of funds raised through its preferential issue. The company raised Rs. 11.18 crore on December 13, 2025 through the allotment of equity shares on a preferential basis. As on December 31, 2025, the funds have been deployed as originally planned: Rs. 6.71 crore was earmarked for working capital (Rs. 2.06 crore utilised), Rs. 2.24 crore for capital expenditure (Rs. 3.91 lakh utilised), and Rs. 2.24 crore for general corporate purposes (Rs. 91.43 lakh utilised). The chartered accountants Mukund & Rohit have certified that the utilisation statement fairly presents the manner of deployment and matches the company's books.
This is a positive, routine compliance filing for shareholders — it confirms management has used the freshly raised capital exactly as promised at the time of the preferential issue, with no diversion of funds. The relatively low deployment in the first quarter (~Rs. 3 crore of Rs. 11.18 crore) is normal since the issue was raised only mid-December 2025 and is unlikely to move the stock price meaningfully.