As per SEBI circular No. CIR/CFD/CMD/1/162/2019 dated december 24, 2019 issued by the SEBI titled " Format on Statement of Deviation or variation for procceds of preferential issue and ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manglam Global Corporations Ltd has submitted a filing to the BSE in compliance with SEBI circular No. CIR/CFD/CMD/1/162/2019 dated December 24, 2019. The circular mandates companies to disclose any deviation or variation in the use of funds raised through preferential issues, compared to the originally stated object of issuance. The truncated headline suggests this is a routine regulatory disclosure. Without the full document, it is unclear whether the company has reported any actual deviation or has confirmed that proceeds were used as originally intended.
This is a standard SEBI-mandated compliance filing and is typically neutral for shareholders. Any material deviation in the use of preferential issue proceeds could raise governance concerns, but no such concern is visible from the truncated headline.