Please find attached, filed for Statement of Deviation for quarter ended 31st March, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hit Kit Global Solutions has filed a quarterly compliance statement under SEBI Listing Regulations confirming there is no deviation or variation in the use of funds raised via a preferential issue on 17 June 2024. The company raised a total of Rs. 2,25,50,000 through 94 lakh equity shares (Rs. 1,88,00,000) and 75 lakh convertible warrants (Rs. 37,50,000 received as 25% of issue price). Of the total amount raised, Rs. 2,15,50,000 has been utilised so far, leaving a small unutilised balance. The stated purpose was improving market share, shareholder value, capital expenditure, working capital, and issue expenses. No monitoring agency was applicable, and both the audit committee and auditors have no comments.
This is a routine compliance filing that confirms the company is deploying the funds as originally disclosed with no misuse or change in purpose, which is mildly reassuring for shareholders. The fact that nearly 96% of the raised amount has already been utilised suggests the capital is being actively put to work, though the remaining unutilised portion (Rs. 10 lakh) is negligible and unlikely to move the stock.