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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fervent Synergies Limited has filed a Nil Statement of Deviation under SEBI Listing Regulations for the quarter ended 30 June 2025. The company had raised Rs. 6.25 crore through the issue of 62.50 lakh convertible warrants on a preferential basis on 3 April 2025. The stated object of the issue was to fund capital expenditure and working capital requirements. As per the filing, the entire Rs. 6.25 crore has been utilised in line with the originally disclosed object, with no deviation or variation. The Audit Committee reviewed the statement and had no comments. The Managing Director, Ravinchandra Thakkar (DIN: 00588420), has signed the submission to BSE (Scrip Code: 533896).
This is a routine compliance filing confirming that the company has used the warrant-issue proceeds as originally promised to shareholders (capex and working capital), with no misuse or change in purpose. For investors, this is a neutral-to-positive signal of fund-utilisation discipline and corporate governance, though it carries no direct stock-price catalyst since the deployment was already disclosed and the warrants were issued about three months earlier.