Kridhan Infra Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
KRIDHANINF · price
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Kridhan Infra Limited has filed its quarterly statement of fund utilisation under SEBI Regulation 32. The company raised ₹41.6 crore through public/preferential issues. Of this, ₹11.66 crore was used for debt repayment, ₹0 for subsidiary investments, and ₹1.98 crore for general corporate purposes — totaling ₹13.86 crore utilised. The company has explicitly confirmed there is NO deviation or variation in how the funds are being used compared to the original objects. No comments were raised by either the audit committee or auditors. A significant portion of funds (about ₹27.74 crore) remains unutilised at quarter end.
No immediate concern for investors — the company has confirmed compliance with fund deployment disclosures. The large unutilised balance warrants monitoring as the funds are deployed over subsequent quarters.