Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD1/162/2019 dated December 24, 2019, it is hereby ....
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Jhandewalas Foods Ltd has filed a quarterly statement confirming that there is no deviation or variation in the use of proceeds from its preferential issue during the quarter ended December 31, 2025. The funds were raised on two dates — June 11, 2024 (Equity: ₹21.30 crore) and December 5, 2025 (Convertible Warrants: ₹15.86 crore received). The filing, signed by Managing Director Raakesh B Kulwal, is a routine SEBI compliance requirement under Regulation 32 of the Listing Obligations and Disclosure Requirements Regulations. Both the Audit Committee and auditors had no comments, and all funds have been used strictly as per the originally disclosed objects.
This is a routine compliance disclosure with no negative implications — it confirms prudent use of previously raised funds and reassures investors that management has stuck to the stated purpose of the preferential issue, with no red flags on fund deployment.