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 Limited has filed a quarterly compliance statement confirming there is 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% upfront consideration received) on June 11, 2024. The filing is for the quarter ended June 30, 2025, submitted under SEBI's Listing Regulations. No monitoring agency was applicable, and the funds have been used entirely as per the originally stated objects. The statement is signed by Managing Director Raakesh B Kulwal.
This is a routine compliance filing with no negative implications for shareholders. It reassures investors that the company has not diverted or misused the funds raised from the preferential issue, reflecting adherence to stated purposes.