We attach Herewith statement of Deviation or variation in the use of proceeds.
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Him Teknoforge Limited has filed a quarterly statement on the use of funds raised through a preferential issue of convertible share warrants. The warrants were allotted on 27 March 2025, with total funds raised of Rs. 865.73 lakhs (note 1 clarifies actual funds raised including application money on warrants is Rs. 1,740.38 lakhs). As of 30 June 2025, the company has utilised Rs. 1,243.71 lakhs out of the total original allocation of Rs. 2,868.60 lakhs. The breakdown shows Rs. 177.99 lakhs used for capex, Rs. 630.62 lakhs for working capital, and Rs. 435.10 lakhs for general corporate purposes. There is no deviation or variation in the use of proceeds, and the Audit Committee has no comments. Unutilised funds of Rs. 496.67 lakhs are parked in the company's cash credit accounts with banks.
This is a routine compliance filing confirming that the company is using the funds from its preferential warrant issue as originally planned, with no diversion. For shareholders, this signals disciplined capital deployment with roughly 43% of allocated funds already utilised within the first quarter post-allotment, though the pace of capex spending remains slow.