KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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KRN Heat Exchanger and Refrigeration Limited has submitted a statement to the NSE regarding any deviations or variations in the use of proceeds from a recent fund-raising activity, as required under Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements (LODR) regulations. This filing indicates that the company is reporting whether the actual deployment of funds matches the originally disclosed objects of the issue. The statement covers the quarterly review of fund utilisation, and the nature and extent of any deviation (if any) from the stated purpose. Investors should review the attached statement for specific details on any variations reported.
This is a routine compliance filing under SEBI norms and typically has no material impact on the stock price unless significant deviations are disclosed. Shareholders should check the actual statement to confirm whether funds raised are being used as originally promised, as material deviations could raise governance concerns.