We attach statement of deviation & variation
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Him Teknoforge Ltd has filed a statement of deviation in the use of proceeds from a preferential issue of equity shares and convertible warrants. The company raised funds on March 14, 2026, with a total allocation of Rs. 2,868.60 Lakhs across three categories: Capex (reduced from Rs. 1,147.44 Lakhs to Rs. 1,047.44 Lakhs), Working Capital (increased from Rs. 1,004.01 Lakhs to Rs. 1,104.01 Lakhs), and General Corporate Purpose (Rs. 717.15 Lakhs). As of March 31, 2026, Rs. 2,473.50 Lakhs has been utilized (86%), with Rs. 395.10 Lakhs temporarily parked in cash credit accounts. The deviation in Capex allocation is within 10% of the earlier disclosed object and was already disclosed in the shareholder notice dated August 5, 2024.
The deviation is minor and within permissible limits, with no adverse comments from the Audit Committee or auditors. The temporary parking of unutilized funds in bank accounts is standard practice and not a concern for shareholders.