Attached Statement of Deviation as on 31st March, 2026
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Mangalam Industrial Finance Limited has filed a Statement of Deviation confirming no deviations or variations in the use of proceeds from its Rights Issue. The rights issue was completed on 1st December 2025, raising ₹46,34,86,428 (approx. ₹46.35 crore). The funds were allocated to augment the company's capital base and support its NBFC activities and general corporate purposes. The Audit Committee reviewed and confirmed NIL comments on the utilization. The entire raised amount of ₹46,34,86,428 has been fully utilized with zero deviation recorded for the quarter ending 31st March 2026.
No negative news for shareholders. The company has confirmed proper utilization of rights issue proceeds with no deviations, indicating orderly deployment of capital as disclosed. This is a routine compliance filing with no impact on the stock.