Ishan Dyes and Chemicals Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
ISHANCH · price
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Ishan Dyes and Chemicals Limited has filed its quarterly statement of fund utilization for two preferential issues. The first issue of Rs. 199.99 lakh was raised on 21st March 2026, and the second issue of Rs. 349.98 lakh was raised on 28th March 2026, totaling Rs. 549.97 lakh. Both fundraisings were fully deployed towards meeting working capital requirements. The company has explicitly reported no deviation or variation in the use of proceeds from the stated objects. The Audit Committee reviewed this statement at their meeting held on 28th May 2026.
No deviation in fund utilization indicates proper deployment of proceeds as per the disclosed objects. This is a routine compliance filing that reassures shareholders that the preferential issue funds are being used as intended, with no adverse variation reported.