Statement of Deviation(s) & Variation(s) under Regulation 32 of the SEBI (LODR) Regulations, 2015
HBESD · price
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Awaiting price reaction for this filing.
HB Estate Developers has filed a quarterly compliance statement for the quarter ended December 31, 2025, confirming there is NO deviation or variation in the use of funds raised through its preferential issue of convertible warrants (allotment of equity shares on October 14, 2025). The company had raised Rs. 2,283.75 lakhs (~Rs. 22.84 crores) in total. Of this, Rs. 1,827 lakhs was allocated for long-term working capital needs and Rs. 456.75 lakhs for general corporate purposes — and both amounts have been fully utilized as originally disclosed. The Audit Committee reviewed the statement and had no comments, and the auditors also raised no observations. This is a routine SEBI-mandated filing under Regulation 32 of the LODR Regulations, 2015.
This is a routine, neutral-to-positive compliance filing — it reassures shareholders that the Rs. 22.84 crore raised from the preferential issue has been deployed exactly as promised, with no misuse or change in purpose, signalling sound governance and no immediate cause for concern.