Statement of Deviation & Variation under Reg. 32(1) of SEBI (LODR) Reg, 2015
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Awaiting price reaction for this filing.
Lerthai Finance Ltd has filed a Statement of Deviation and Variation with the BSE as required under Regulation 32(1) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This regulation requires listed companies to disclose any deviation or variation between the actual use of funds raised through a public, rights, or preferential issue and the originally stated purpose of fund utilisation. The filing is a routine compliance disclosure, typically submitted either on a quarterly basis or when material changes in the use of proceeds occur. Without further specifics in the filing, this indicates the company is meeting its regulatory obligations regarding transparency in deployment of raised capital.
For shareholders, this is a routine compliance filing and is generally neutral in terms of stock price impact. However, investors should review the actual details of the deviation to ensure that funds are being utilised in line with stated objectives and not diverted to unrelated purposes.