Lords Chloro Alkali Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
LORDSCHLO · price
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Lords Chloro Alkali Limited has filed its quarterly statement confirming no deviation in the use of proceeds from a preferential issue. The company raised Rs. 32.02 crore through allotment of 35 lakh equity shares following conversion of warrants (issue price Rs. 122 per share). The funds were allocated across three purposes: capital expenditure (Rs. 22.70 crore allocated, Rs. 27.46 crore utilized), working capital (Rs. 10 crore allocated, Rs. 4.56 crore utilized), and general corporate purpose (Rs. 10 crore allocated). Interest income of Rs. 0.05 crore earned on the proceeds was also deployed toward the approved objects. The Audit Committee reviewed and noted the statement on May 28, 2026.
The confirmation of zero deviation indicates proper fund utilization as per shareholder-approved objectives, which is a positive compliance signal for investors. The over-utilization in capex (Rs. 27.46 crore vs Rs. 22.70 crore) was compensated by under-utilization in working capital, showing flexible yet compliant deployment.