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 has filed a quarterly compliance statement confirming that there has been no deviation or variation in the use of proceeds from its preferential issue. The company had raised ₹21.30 crore through equity and ₹5.24 crore through convertible warrants (only 25% consideration received) on 11 June 2024. All funds have been utilised strictly in line with the original objects disclosed at the time of raising. No monitoring agency was appointed, and the audit committee and auditors had no adverse comments, as no deviation occurred.
This is a routine regulatory disclosure with no negative implication for shareholders. It reassures investors that the capital raised via the preferential issue is being deployed as originally promised, supporting transparency and governance.