In accordance with regulation 32 of SEBI (LODR) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMDI/162/2019 dated 24/12/2019, it is hereby confirmed that there is no deviation ....
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Awaiting price reaction for this filing.
Jayant Infratech Ltd has filed a quarterly compliance certificate under SEBI LODR Regulation 32 confirming that there is no deviation or variation in the use of proceeds from its preferential issue. The company raised Rs. 3,81,37,500 (about Rs. 3.81 crore) on 14 November 2024 through conversion of 4,50,000 share warrants into equity shares. The funds were fully utilized by the end of Q4 FY25 (31 March 2025) for working capital needs, business expansion, and general corporate purposes as originally stated. The Audit Committee reviewed and approved the statement on 15 May 2025, and the statutory auditor confirmed the funds were used in line with the stated objects and approvals.
This is a routine regulatory filing with no negative implications. It reassures shareholders that the Rs. 3.81 crore raised from warrant holders was used exactly as promised, with no misuse or diversion, and is unlikely to have any meaningful impact on the stock price.