Jain Resource Recycling Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
JAINREC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jain Resource Recycling Limited has submitted a statement of deviation or variation to the stock exchange as required under Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations. This regulation mandates companies to report any deviation or variation in the use of proceeds raised through a public issue, rights issue, or preferential issue, compared to the purposes disclosed in the offer document. The filing indicates the company's compliance with this disclosure requirement, though specific details on the extent of deviation, the original purpose, and the actual use of funds are not available in the headline. Investors would need to review the full document on the exchange portal for the exact figures and nature of any deviation. Such filings are routine but important for transparency on deployment of capital raised from shareholders.
Neutral to slightly negative — Reg 32 filings often signal that the company used funds raised from the market for a purpose different from what was originally promised, which can dent investor confidence. Shareholders should review the actual deviation details to assess whether the variation is material or routine.