Statement of Deviation or Variation for Half Year Ended March 31, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jetmall Spices and Masala Ltd raised INR 26.62 crore (75% of total INR 35.49 crore issue) through a preferential issue of convertible warrants on February 6, 2026. The remaining 25% (INR 8.87 crore) will be received when warrant holders exercise conversion within 18 months. The company confirms there is NO deviation or variation in the utilisation of proceeds from the stated objects. Fund deployment as of March 31, 2026 shows working capital at ₹1.47 crore (vs ₹6.12 crore allocated), sales and marketing at NIL (vs ₹11 crore allocated), and technology capex at ₹5.43 crore (vs ₹9.50 crore allocated). The Audit Committee reviewed and confirmed no deviations.
Neutral for shareholders — company confirms compliance with fund utilisation disclosures and no misuse of proceeds from the preferential issue. Low utilization in working capital and sales/marketing may indicate gradual deployment.