Dilip Buildcon Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
DBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dilip Buildcon has filed a quarterly statement confirming there is no deviation or variation in the use of funds raised through convertible warrants issued on a preferential basis in December 2023. The company raised Rs. 532.42 Crs, with Rs. 400 Crs earmarked for working capital (not yet deployed, as the amount will be received only at the time of warrant conversion) and Rs. 132.42 Crs for general corporate purposes, of which Rs. 132 Crs has been utilized, leaving an unutilized balance of Rs. 0.42 Crs. CRISIL Ratings Limited acted as the monitoring agency, and neither the audit committee nor the auditors have flagged any concerns. The original issue size was slightly reduced from Rs. 532.95 Crs to Rs. 532.42 Crs because investors subscribed to 1,62,29,862 warrants out of 1,62,46,108 issued at Rs. 328.05 per warrant.
This is a routine compliance filing with a clean report — no deviation or misuse of funds, which is mildly positive for shareholder confidence. Investors should note that Rs. 400 Crs earmarked for working capital is still pending and will only flow in when warrants are converted, which could be a key event to watch.