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Concord Control Systems Ltd has submitted a compliance filing under SEBI Regulation 32 confirming that there were no deviations or variations in the utilization of funds raised through a Preferential Issue. The company raised ₹50.08 crore through allotment of equity shares on January 28, 2026. For the half-year ended March 31, 2026, the Audit Committee reviewed the statement of utilisation and confirmed that the funds have been completely utilized with no deviations from the original objects. This is a standard regulatory compliance filing and indicates proper deployment of capital raised.
No negative impact expected as the filing confirms proper utilization of ₹50.08 crore raised via preferential issue with no deviations reported. This reflects good corporate governance and adherence to fund-raising commitments.