Jayaswal Neco Industries Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Jayaswal Neco Industries Limited has filed its quarterly statement under SEBI Regulation 32 confirming the deployment of Rs. 1,800 crore raised through Unlisted, Unrated, Secured, Redeemable Non-Convertible Debentures (NCDs) issued via private placement on 12 December 2025. The funds have been fully deployed as per the stated objects: repayment of outstanding NCDs (INR 1,771.01 crore), finance costs (INR 23.34 crore), legal costs (INR 3.89 crore), administrative and certification expenses (INR 45.15 lakh), and other corporate purposes (INR 1.29 crore). Both the Audit Committee and auditors have reviewed the statement and confirmed no deviations in the utilisation of funds. This is a routine regulatory compliance filing.
The filing provides reassurance to investors that the Rs. 1,800 crore NCD proceeds have been used as intended with no deviations, indicating proper deployment and adherence to fundraising objectives. No immediate shareholder action is required.