Statementt of deviation or variation for proceds of public issue , rughts issue,, pref issue, qualified institional placement
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Frontline Corporation Ltd has submitted a nil disclosure to BSE and Calcutta Stock Exchange for the quarter ended March 31, 2025, under SEBI LODR Regulations 32(1), (2), and (3). The company states it has not undertaken any public issue, rights issue, preferential issue, or qualified institutional placement since 1996. Therefore, there is no deviation or variation in the use of issue proceeds to report. The letter is signed by Sureshkumar Verma, Company Secretary and Compliance Officer.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company has had no fresh capital-raising activity to account for, so no fund utilisation report is applicable.