Best Agrolife Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

BESTAGRO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-10.8%1-day move

₹18.10

prior close

₹16.35

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.8+1.2+0.6+0.6-10.8-8.0-10.5-11.3-10.2-11.1-12.6-18.0——

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AI summary

Best Agrolife Limited has submitted a compliance filing confirming there is NO deviation or variation in the utilization of Rs. 150 crore funds raised via preferential issue of Convertible Warrants. The funds were allocated for two purposes: Capital Expenditure (modified from Rs. 70 crore to Rs. 50 crore) and Working Capital (modified from Rs. 120 crore to Rs. 90 crore). Both allocations have been fully utilized with zero deviation reported. The company originally issued 31,25,000 convertible warrants. The upfront 25% amount (Rs. 37.5 crore planned) was partially received at Rs. 12.87 crore, with the remaining Rs. 76.5 crore received during the quarter ended 31-03-2026. Utilization was completed during the quarter ended June 2025.

Likely market impact

The filing provides clean compliance confirmation — funds were deployed as intended with no misuse or deviation. This is a neutral-to-positive signal indicating proper governance in capital deployment.