Pursuant to Regulation 32(1) of SEBI (LODR) Regulations, 2015 please find enclosed herewith the Statement of Deviation or Variation in respect of utilization of funds raised through preferential ....
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Awaiting price reaction for this filing.
Ironwood Education has filed its quarterly compliance statement under SEBI LODR Regulation 32(1) confirming there is NO deviation or variation in how it used money raised through its preferential issue of equity shares for the quarter ended June 30, 2025. The company had allotted shares worth Rs. 2.08 crore to public investors on February 26, 2025, against an originally approved size of Rs. 4.02 crore. Funds were raised for three stated purposes: future growth and business expansion, working capital, and general corporate purposes. The Audit Committee reviewed the statement at its meeting on August 6, 2025 and confirmed that funds have been used strictly as per the disclosed objects. Auditor comments were not applicable. This is a routine quarterly compliance filing — essentially a 'no news' confirmation that the company is honouring its stated use of proceeds.
This is a routine regulatory disclosure with no material impact on shareholders. It reinforces transparency and governance by confirming funds raised from public investors are being used as promised, which is mildly positive for investor confidence.