Libas Consumer Products Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
LIBAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Libas Consumer Products has confirmed to the stock exchange that there has been no deviation or variation in how it used the money raised through its Rights Issue in September–October 2022. Total funds raised were ₹1,827.96 lakh (about ₹18.28 crore), split between Working Capital (₹1,227.96 lakh, fully utilised) and marketing for its innerwear brand 'KNG' (₹600 lakh allocated, ₹475 lakh utilised till Dec 31, 2025). The Audit Committee reviewed this statement at its meeting on February 13, 2026, and the company stated the funds are being used exactly as per the original offer document. No monitoring agency was required for the issue.
This is a routine compliance disclosure and a positive signal — it reassures shareholders that Rights Issue money is being deployed as promised without any misuse or reshuffling. The fact that KNG marketing spend is still trailing (₹125 lakh unutilised of the ₹600 lakh earmarked) is worth tracking, as it suggests slower-than-planned brand investment, but is not a red flag.