Statement of Deviation (s) or Variation(s) for the Year Ended March 31, 2026
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CFF Fluid Control Ltd has filed a statement confirming deviation in the use of proceeds from its Further Public Issue. The company raised Rs. 8775 Lakhs on July 14, 2025. A minor deviation of Rs. 27.51 Lakhs was identified where unutilized issue expenses were redirected to General Corporate Purpose instead. Specifically, General Corporate Purpose utilization increased from Rs. 833 Lakhs to Rs. 860.51 Lakhs, while Issue Expenses decreased from Rs. 682 Lakhs to Rs. 654.49 Lakhs. Working Capital utilization remained unchanged at Rs. 7260 Lakhs. The Audit Committee reviewed and provided nil comments, and no auditors' concerns were raised.
The deviation is minor (Rs. 27.51 Lakhs, representing ~0.3% of total funds raised) and appears to be an internal reallocation within corporate purposes. This should have minimal negative impact on the stock, especially since the Audit Committee found no issues.