Kriti Industries (India) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
KRITI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kriti Industries filed a quarterly compliance statement confirming that proceeds from its preferential issue have been used as originally planned, with no deviation or variation. The company had raised Rs. 1,783.125 lakhs through 15,00,000 warrants (Rs. 158.50 each, with Rs. 118.875 per warrant received as the remaining amount) on 11 February 2025. The total original allocation was Rs. 150 crores across three purposes: Rs. 80 crores for capex on new manufacturing lines for pipes, Rs. 40 crores for working capital, and Rs. 30 crores for general corporate purposes. During the quarter ended 31 March 2025, the company utilized Rs. 127 lakhs on capex, Rs. 1,071 lakhs on working capital, and nothing on general corporate purposes. The audit committee confirmed no deviation in utilization of funds against stated objects.
This is a routine SEBI compliance filing that simply confirms funds are being deployed as promised to shareholders. No negative signal for investors, but it also does not add any new fundamental catalyst for the stock.