Please find attached the nil statement of deviation as reviewed by Audit Committee in its meeting dated April 25, 2025.
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Awaiting price reaction for this filing.
DMR Hydroengineering & Infrastructures filed a nil deviation statement with BSE for its Rights Issue proceeds, as reviewed by the Audit Committee on April 25, 2025. The company had raised Rs. 265.56 Lakh through a Rights Issue on December 9, 2024, earmarked entirely for working capital requirements. As of March 31, 2025, only Rs. 12 Lakh has been utilised, leaving Rs. 253.56 Lakh pending deployment. The filing confirms there is no deviation or variation from the originally disclosed objects. Both the Audit Committee and auditors had no comments on the statement.
This is a routine compliance filing with no material impact on shareholders — it simply confirms the company is using Rights Issue funds as originally promised. The large unutilised balance (Rs. 253.56 Lakh) means most of the working capital raise is still to be deployed in upcoming quarters, which investors may want to track for pace of utilisation.