Statement of Deviation and/or Variation for the half year ended on March 31, 2025 is attached herewith.
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Awaiting price reaction for this filing.
Focus Business Solution Limited has filed a compliance statement confirming that there is no deviation or variation in the use of funds raised through a Preferential Issue. The company raised Rs. 2.016 crores on April 2, 2024, earmarked for expansion in other states. The entire amount of Rs. 2.016 crores has been fully utilized for the stated purpose as per the original allocation. The Audit Committee reviewed the statement and had no comments, and auditors also raised no comments. The filing is submitted under SEBI Regulation 32 of the Listing Obligations and Disclosure Requirements Regulations, 2015. This is a routine half-yearly disclosure required from listed companies after raising funds through preferential allotments.
This is a neutral, routine compliance filing with no negative implications for shareholders. It confirms that the company used the Rs. 2.016 crores raised from the preferential issue exactly as promised, which signals good corporate governance and fund management discipline. No material impact on stock price is expected from this disclosure.