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Awaiting price reaction for this filing.
Gayatri Sugars has filed a quarterly compliance statement under SEBI Regulation 32(1) for the quarter ended March 31, 2025. The company had raised ₹44.80 crores through a preferential issue on July 12, 2023, earmarked entirely for working capital purposes. Out of the total amount raised, ₹34.15 crores (about 76%) has been utilized so far, leaving roughly ₹10.65 crores yet to be deployed. The company has confirmed there is no deviation or variation from the originally stated object of the fund raise. The audit committee review and auditor comments are noted as not applicable.
This is a routine regulatory filing and carries no negative implication for shareholders, as the company confirms funds are being used as originally promised. Investors may note that nearly a quarter of the raised amount is still pending deployment into working capital, which could be tracked in subsequent quarterly filings.