Statement of Deviation or variation of funds raised through preferential issue of equity shares
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Balgopal Commercial Ltd has filed a compliance statement confirming that funds raised through preferential issue (conversion of warrants) were used as intended. The company raised Rs. 8.55 crore on March 21, 2026, and during the quarter ended March 31, 2026, there was no deviation or variation in the use of these funds from the objects stated in the EGM Notice dated December 10, 2024. The funds were allocated for acquiring investments in similar business activity, meeting long-term funding requirements, working capital, and general corporate purposes to support the company's growth plan. The Audit Committee reviewed the statement and confirmed no deviations.
Positive signal for shareholders - the company has confirmed proper utilization of Rs. 8.55 crore raised through preferential issue with full transparency and no deviations from stated objects.