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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garnet International Ltd has filed a Statement of Deviation/Variation for Q4 FY26 (ending March 31, 2026) regarding funds raised through a Preferential Issue of convertible Equity Warrants. The total issue size is INR 35.37 Crores, with INR 8.84 Crores received so far (25% upfront subscription). The remaining 75% (INR 98.25 per warrant) will be received when warrant holders exercise their conversion option within the 18-month tenure. As of March 31, 2026, INR 8.84 Crores has been deployed across three categories: Strategic Investments (INR 7.89 Cr of INR 16.87 Cr allocated), Investment in Subsidiary (INR 0.65 Cr of INR 10.00 Cr allocated), and General Corporate Purpose (INR 0.30 Cr of INR 8.50 Cr allocated). The company has confirmed NO deviation or variation in the use of funds, with no comments from the Audit Committee or Auditors.
Neutral for shareholders. The filing is a standard regulatory compliance statement confirming that funds are being utilized as intended with no deviations reported. The staggered receipt of funds (25% now, 75% upon conversion) is typical for warrant issuances.