Please find attached Statement of Deviation & Variation for QE March 31, 2025
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Awaiting price reaction for this filing.
Khoobsurat Ltd has filed a quarterly compliance statement confirming there are no deviations or variations in the use of proceeds from its Rights Issue conducted from May 21, 2024 to June 13, 2024, which raised ₹33.74 crore. Of the total ₹33.74 crore, the company has utilized ₹28.23 crore so far across the stated objects. Full deployment has happened for purchase of tradable and strategic securities (₹17 crore) and general corporate purposes (₹5.74 crore). Partial utilization is seen in corporate offices purchase (₹1.10 crore of ₹3.50 crore allocated), equity investment in Salcete Brewing Limited (₹3.45 crore of ₹6 crore allocated), and Rights Issue expenses (₹93.82 lakh of ₹1.50 crore allocated). The Audit Committee and Auditors have not raised any comments.
This is a routine compliance filing and carries no negative signal, as auditors and the audit committee have no objections. About ₹5.51 crore of the Rights Issue proceeds remain undeployed and could be used in coming quarters, which investors may want to track for timely deployment.