Future Market Networks Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.1%1-day move

₹10.70

prior close

₹11.26

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.2-0.2-2.0-6.7+2.1-1.2-1.8-1.4-4.4-6.4-1.5-2.5——

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AI summary

Future Market Networks Limited has disclosed the utilization of proceeds from a Preferential Issue. The company used INR 1.73 crores to pay an instalment of a Secured Loan to Axis Finance Limited and INR 0.79 crores for general corporate purposes, totaling INR 2.52 crores. The company has confirmed there is no deviation in the utilization of proceeds as per the originally stated purpose. This disclosure is made under Regulation 32 of SEBI (LODR) Regulations, 2015.

Likely market impact

The filing indicates the preferential issue proceeds were deployed as intended, primarily for debt reduction which may improve the company's balance sheet. No deviation suggests proper governance in fund deployment.