Regulation 32 Statement for March 31, 2026
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Ganesh Benzoplast Limited has filed a Regulation 32 statement confirming no deviation or variation in the utilization of funds raised through a preferential issue of equity shares. The company raised Rs. 32.40 crores (dated 01-03-2024) and reports full utilization of Rs. 32.40 crores as of March 31, 2026. The funds were deployed for capital expenditure, working capital requirements, business expansion through subsidiaries/joint ventures/associates, and general corporate purposes. Both the Audit Committee review and auditor comments show NIL observations, indicating clean compliance for the quarter ended March 31, 2026.
This is a positive compliance filing for shareholders. The explicit confirmation of 'No deviation' and clean NIL observations from both audit committee and auditors suggests proper fund deployment as disclosed, which is reassuring for investors in this preferred equity issuance.