Statement of Deviation or Variation for the quarter ended 30.09.2025
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Josts Engineering Company has filed its quarterly compliance report on the use of funds raised through a Rights Issue. The company raised Rs. 49.89 lakhs (approx. Rs. 49.89 crores) on September 16, 2025. As of September 30, 2025, the company has utilised Rs. 18.30 crores out of the total amount raised, with no deviation or variation reported from the originally stated purposes. The bulk of the deployed funds (Rs. 17.86 crores) went toward Working Capital requirements out of the allocated Rs. 43.58 crores, while Rs. 0.44 crores was spent on issue-related expenses against an allocation of Rs. 0.80 crores. Funds earmarked for General Corporate Purposes (Rs. 5.51 crores) remained unutilised during the quarter. The Audit Committee and auditors had no adverse comments on the usage.
This is a routine compliance filing under SEBI regulations confirming that the company is deploying Rights Issue proceeds in line with disclosed objects, which is a positive governance signal for shareholders. The pace of utilisation (about 37% of the raised amount in roughly six weeks) suggests active deployment, and no deviation is reassuring for investors.