Statement of Deviation for the quarter March 31, 2026
BESTAGRO · price
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Best Agrolife Ltd has filed a statement confirming no deviation or variation in the utilization of Rs. 150 crore raised through preferential issue of 31,25,000 convertible warrants. The funds were originally approved on December 27, 2024, with modified allocations of Rs. 50 crore for capital expenditure and Rs. 90 crore for working capital (reduced from original Rs. 70 crore and Rs. 120 crore respectively). The remaining Rs. 76.5 crore was received during Q4 FY26, and no funds have been deployed yet in this quarter. The Audit Committee reviewed the statement and found no deviations.
This is a routine compliance filing indicating proper fund management with no misuse of proceeds. The deferred utilization of the recently received Rs. 76.5 crore means working capital deployment may reflect in subsequent quarters.